Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share (Tables)

v3.6.0.2
Earnings (Loss) Per Share (Tables)
 12 Months Ended
Nov. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings (Loss) Per Share Basic earnings (loss) per share is calculated using the average number of common shares outstanding. Diluted (loss) earnings per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock method”.

 
 
For the Year Ended November 30,
 
 
2016
 
2015
 
2014
Net income (loss) from continued operations available for common shareholders
 
$
1,192,684

 
$
(3,256,632
)
 
$
(2,803,428
)
Net (loss) income from discontinued operations available for common shareholders
 
$
(11,474
)
 
$
12,421

 
$
(5,996,041
)
Weighted average common shares outstanding-Basic
 
7,006,684

 
7,006,684

 
7,006,684

Net effect of dilutive stock options and warrant
 
15,080

 
—

 
—

Weighted average common shares and common shares equivalents—Diluted
 
7,021,764

 
7,006,684

 
7,006,684

 
 
 
 
 
 
 
Earnings (Loss) per Share:
 
 
 
 
 
 
    Basic
 
 
 
 
 
 
Continuing Operations
 
$
0.17

 
$
(0.46
)
 
$
(0.40
)
Discontinued Operations
 
$
—

 
$
—

 
$
(0.86
)
Total earnings (loss) per share
 
$
0.17

 
$
(0.46
)
 
$
(1.26
)
 
 
 
 
 
 
 
    Diluted
 
 
 
 
 
 
Continuing Operations
 
$
0.17

 
$
(0.46
)
 
$
(0.40
)
Discontinued Operations
 
$
—

 
$
—

 
$
(0.86
)
Total earnings (loss) per share
 
$
0.17

 
$
(0.46
)
 
$
(1.26
)