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Note 14 - Earnings Per Share

3 Months Ended

Feb. 29, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

14.

EARNINGS PER SHARE

For the three months ended February 29, 2024, the Company recorded net income, as such, used diluted weighted-average common shares outstanding when calculating diluted income per share for the three months ended February 29, 2024. Stock options and RSUs that could potentially dilute basic earnings per share (“EPS”) in the future are included in the computation of diluted income per share.

For the three months ended February 28, 2023, the Company recorded net loss. As such, because the dilution from potential common shares was antidilutive, the Company used basic weighted-average common shares outstanding, rather than diluted weighted-average common shares outstanding when calculating diluted loss per share for the February 28, 2023. 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
		February 28,
		2023
Stock Options			1,514,416
Restricted stock units			1,263,565
Total			2,777,981

The following table sets forth the allocation of net income (loss) for the three months ended February 29, 2024 and February 28, 2023, respectively:

		*For the Three Months Ended*
		*February 29,*				*February 28,*
		*2024*				*2023*
Net income (loss)		$	17			$	(2,153	)

Weighted-average number of shares used in computing net income (loss) per share, basic			22,035,249				21,860,200
Net income (loss) per share - basic		$	-			$	(0.10	)
Weighted-average number of shares used in computing net income (loss) per share, diluted			22,838,827				21,860,200
Net income (loss) per share - diluted		$	0.00			$	(0.10	)

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 months ended February 29, 2024:

		*For the Three Months Ended*
		*February 29,*				*February 28,*
		*2024*				*2023*
Weighted-average common shares outstanding- basic			22,035,249				21,860,200
Assumed conversion of:
Dilutive stock options			37,014				—
Dilutive RSUs			766,564				—
Weighted-average common share outstanding- diluted			22,838,827				21,860,200

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

		For the Three Months Ended
		February 29,				February 28,
		2024				2023
Options			1,130,166				1,514,416
RSUs			301,667				1,263,565
Total			1,431,833				2,777,981