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Earnings Per Share
6 Months Ended
Aug. 31, 2020
Notes to Financial Statements  
Earnings Per Share

NOTE 7: EARNINGS PER SHARE

 

The denominators for the calculation of diluted earnings per share at August 31, 2020 and 2019 are calculated as follows:

 

   Six Months Ended
August 31,
   Three Months Ended
August 31,
 
   2020   2019   2020   2019 
                 
Numerator for basic and diluted earnings per share  $345,691   $139,978   $177,763   $114,765 
                     
Denominator for basic earnings per share – weighted average   15,410,952    15,285,024    15,424,126    15,301,613 
                     
Effects of dilutive securities                    
Stock options for employees, directors and outside consultants   119,958    91,882    108,884    97,550 
                     
Denominator for diluted earnings per share   15,530,910    15,376,906    15,533,010    15,399,163 
                     
Basic earnings per share  $0.02   $0.01   $0.01   $0.01 
Diluted earnings per share  $0.02   $0.01   $0.01   $0.01