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INCOME (LOSS) PER SHARE (Tables) | 6 Months Ended
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May 31, 2021
Earnings Per Share [Abstract] |
Schedule of anti-dilutive shares | Preferred Stock, warrants, stock options, and RSUs that could potentially dilute basic EPS in the future that were not included in the computation of diluted loss per share were as follows:
|  | For the Three Months Ended May 31, 2020 |  |  | For the Six Months Ended May 31, 2020 |
Series A Preferred Stock |  |  | 4,636,667 |  |  |  | 4,636,667 |
Warrants |  |  | 2,783,702 |  |  |  | 2,783,702 |
Stock Options |  |  | 672,667 |  |  |  | 672,667 |
RSUs |  |  | — |  |  |  | — |
Total |  |  | 8,093,036 |  |  |  | 8,093,036 |
The following were excluded from the calculation of diluted net income per share for the three and six months ended May 31, 2021 because their effects are anti-dilutive:
|  | For the Three Months Ended May 31, 2021 |  | For the Six Months Ended May 31, 2021
Antidilutive securities: |  |  |  |  |  |  |  |
Options |  |  | 638,000 |  |  |  | 518,000 |
RSUs |  |  | 50,000 |  |  |  | 68,493 |
Total antidilutive securities |  |  | 688,000 |  |  |  | 586,493 |
Schedule of allocation of net income (loss) | The following table sets forth the allocation of net income (loss) for the three and six months ended May 31, 2021 and 2020, respectively:
|  | For the Three Months Ended May 31, |  | For the Six Months Ended May 31,
|  | 2021 |  | 2020 |  | 2021 |  | 2020
Net income (loss) |  | $ | 2,037 |  |  | $ | (8,061 | ) |  | $ | 1,765 |  |  | $ | (10,346 | )
Net income applicable to preferred stock |  |  | (1,043 | ) |  |  | — |  |  |  | (1,043 | ) |  |  | — |
Income available to common shareholders |  | $ | 994 |  |  | $ | (8,061 | ) |  | $ | 722 |  |  | $ | (10,346 | )
Schedule of weighted-average common shares outstanding used in the calculation of basic and diluted EPS | The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and six months ended May 31, 2021 and 2020:
|  | For the Three Months Ended May 31, |  |  | For the Six Months Ended May 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Weighted-average common shares outstanding- basic |  |  | 17,800,749 |  |  |  | 12,068,759 |  |  |  | 16,359,496 |  |  |  | 11,271,719 |
Assumed conversion of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dilutive Stock Options |  |  | 597,214 |  |  |  | — |  |  |  | 600,918 |  |  |  | — |
Dilutive Warrants |  |  | 304,883 |  |  |  | — |  |  |  | 399,332 |  |  |  | — |
Dilutive RSUs |  |  | 286,385 |  |  |  | — |  |  |  | 244,385 |  |  |  | — |
Weighted-average common share outstanding- diluted |  |  | 18,989,231 |  |  |  | 12,068,759 |  |  |  | 17,604,131 |  |  |  | 11,271,719

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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