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Note 11 - Earnings (Loss) Per Share | 6 Months Ended
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May 31, 2025
Notes to Financial Statements |
Earnings Per Share [Text Block] | 11. Earnings (Loss) Per Share Basic earnings (loss) per common share is computed by dividing net income (loss) allocable to common shares by the weighted average number of common shares outstanding, adjusted for participating securities, if any. The following reconciles basic and diluted earnings (loss) per share:
|  | Net Income (Loss) |  |  | Weighted Average Shares |  |  | Earnings (Loss) Per Share |
For the quarter ended May 31, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1,918 |  |  |  | 8,667,908 |  |  | $ | 0.22 |
Add effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted shares |  |  | - |  |  |  | 11,966 |  |  |  | - |
Diluted earnings per share |  | $ | 1,918 |  |  |  | 8,679,874 |  |  | $ | 0.22 |
For the quarter ended June 1, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Basic loss per share |  | $ | (7,201 | ) |  |  | 8,762,815 |  |  | $ | (0.82 | )
Add effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted shares* |  |  | - |  |  |  | - |  |  |  | - |
Diluted loss per share |  | $ | (7,201 | ) |  |  | 8,762,815 |  |  | $ | (0.82 | )
For the six months ended May 31, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 3,772 |  |  |  | 8,673,339 |  |  | $ | 0.43 |
Add effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted shares |  |  | - |  |  |  | 20,261 |  |  |  | - |
Diluted earnings per share |  | $ | 3,772 |  |  |  | 8,693,600 |  |  | $ | 0.43 |
For the six months ended June 1, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Basic loss per share |  | $ | (8,394 | ) |  |  | 8,751,315 |  |  | $ | (0.96 | )
Add effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |
Restricted shares* |  |  | - |  |  |  | - |  |  |  | - |
Diluted loss per share |  | $ | (8,394 | ) |  |  | 8,751,315 |  |  | $ | (0.96 | )
*Due to the net loss for the period, potentially dilutive securities would have been anti-dilutive and are therefore excluded. For the three and six months ended May 31, 2025 and June 1, 2024, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:
|  | Quarter Ended |  |  | Six Months Ended |
|  | May 31, 2025 |  |  | June 1, 2024 |  |  | May 31, 2025 |  |  | June 1, 2024 |
Unvested shares |  |  | 17,556 |  |  |  | 64,409 |  |  |  | 17,556 |  |  |  | 64,409 |

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