Quarterly report pursuant to Section 13 or 15(d)

Income (Loss) Per Share (Tables)

v3.7.0.1
Income (Loss) Per Share (Tables)
 3 Months Ended
Feb. 28, 2017
Earnings Per Share [Abstract]  
Schedule of earnings (loss) per share Basic income (loss) earnings per share is calculated using the average number of common shares outstanding. Diluted income (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”.

 
Three Months Ended
 
February 28, 2017
 
February 29, 2016
Net income available for common shareholders
$
186,752

 
$
203,369

Weighted average common shares outstanding-Basic
7,006,684

 
7,006,684

Net effect of dilutive stock options
—

 
41,081

Weighted average common shares and common shares equivalents—Diluted
7,006,684

 
7,047,765

 
 
 
 
Earnings per Share:
 
 
 
    Basic
 
 
 
Continuing Operations
$
0.03

 
$
0.03

Discontinued Operations
$
—

 
$
—

Income
$
0.03

 
$
0.03

 
 
 
 
    Diluted
 
 
 
Continuing Operations
$
0.03

 
$
0.03

Discontinued Operations
$
—

 
$
—

Income
$
0.03

 
$
0.03