Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income Per Share (Tables)

v3.8.0.1
(Loss) Income Per Share (Tables)
 3 Months Ended
Feb. 28, 2018
Earnings Per Share [Abstract]  
Schedule of (loss) income per share Basic (loss) earnings 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”.

 
Three Months Ended
 
February 28, 2018
 
February 28, 2017
Net (loss) income available for common shareholders
$
(3,220,659
)
 
$
186,752

Weighted average common shares outstanding-Basic
7,126,684

 
7,006,684

Net effect of dilutive stock options
—

 
—

Weighted average common shares and common shares equivalents—Diluted
7,126,684

 
7,006,684

 
 
 
 
(Loss) Earnings per Share:
 
 
 
     Basic
$
(0.45
)
 
$
0.03

     Diluted
$
(0.45
)
 
$
0.03