Three Months Ended

Nine Months Ended

October 31,

2012

2011

2012

2011

Numerator

Net income (loss) from continuing operations

$

282,646

$

145,634

$

(8,194,991

)

$

2,095,470

Denominator

Denominator for basic earnings per share

(Weighted-average shares which reflect 356,441 and 356,441 and 356,441 and 356,441 weighted average common shares in the treasury as a result of the stock repurchase program for the three months and nine months in each of 2012 and 2011, respectively

5,330,286

5,225,020

5,276,288

5,224,371

Effect of dilutive securities from restricted stock plan and from dilutive effect of stock options

36,957

131,815

0

123,801

Denominator for diluted earnings per share

5,367,243

5,356,835

5,276,288

5,348,172

(adjusted weighted average shares)

Basic earnings (loss) per share

$

0.05

$

0.03

$

(1.55

)

$

0.40

Diluted earnings (loss) per share

$

0.05

$

0.03

$

(1.55

)

$

0.39