Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

12 Months Ended

Nov. 30, 2011

NOTE 15 — EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is calculated using the average number of common shares outstanding. Diluted earnings (loss) 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”.

		September 30,		September 30,			September 30,
	Year Ended November 30,
	2011		2010			2009
Net income (loss) income available for common shareholders	$	491,698	$	(1,664,760	)	$	3,431,644


Weighted average common shares outstanding- Basic		7,054,442		7,054,442			7,054,442

Net effect of dilutive stock options		—		—			—


Weighted average common shares and common shares equivalents—Diluted		7,054,442		7,054,442			7,054,442


Basic earnings(loss) per share	$	0.07	$	(0.24	)	$	0.49

Diluted earnings (loss) per share	$	0.07	$	(0.24	)	$	0.49

- Definition

The entire disclosure for earnings per share.

+ References + Details