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Note 9 - Net Income (Loss) Per Share
9 Months Ended
Jul. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

(9)

Net Income (Loss) Per Share

 

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income (loss) of the Company.

 

The following is a reconciliation of the numerators and denominators of the net income (loss) per share computations for the periods presented:

 

   

Three months ended

   

Nine months ended

 
   

July 31,

   

July 31,

 
   

2025

   

2024

   

2025

   

2024

 

Net income (loss) (numerator)

  $ 301,886     $ (1,557,053 )   $ (1,503,467 )   $ (4,583,673 )

Shares (denominator)

    8,394,988       7,739,266       7,900,901       7,753,148  

Basic and diluted net income (loss) per share

  $ 0.04     $ (0.20 )   $ (0.19 )   $ (0.59 )

 

Nonvested shares which have been issued and were outstanding as of July 31, 2025 totaling 370,720 were not included in the computation of basic and diluted net loss per share for the nine months ended July 31, 2025 (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).

 

Nonvested shares which have been issued and were outstanding as of July 31, 2024 totaling 145,739 and 124,101 were not included in the computation of basic and diluted net loss per share for the three months and nine months ended July 31, 2024, respectively, (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).