Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share (Tables)

v2.4.0.6
Earnings (Loss) Per Share (Tables)
12 Months Ended
Nov. 30, 2012
Schedule of 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”.

 

      Year Ended November 30,  
     2012      2011      2010  

Net income (loss) available for common shareholders

   $ 465,452       $ 491,698       $ (1,664,760
  

 

 

    

 

 

    

 

 

 

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       $ 0.07       $ (0.24
  

 

 

    

 

 

    

 

 

 

Diluted earnings (loss) per share

   $ 0.07       $ 0.07       $ (0.24