Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

v2.4.0.8
(Loss) Earnings Per Share
 3 Months Ended
Feb. 28, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
(LOSS) EARNINGS 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”.

 
 
For Three Months Ended February 28,
 
 
 
2014
 
2013
 
Net (loss) income available for common shareholders
 
$
(1,239,565
)
 
$
(1,015,390
)
 
Weighted average common shares outstanding-Basic
 
7,006,684

 
7,054,442

 
Net effect of dilutive stock options
 
—

 
—

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

 
7,054,442

 
Basic (loss) earnings per share
 
$
(0.18
)
 
$
(0.14
)
 
Diluted (loss) earnings per share
 
$
(0.18
)
 
$
(0.14
)