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(Loss) Income per Common Share | 9 Months Ended
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Aug. 31, 2016
Earnings Per Share [Abstract] |
(Loss) Income per Common Share | Note 8 – (Loss) Income per Common Share The following table sets forth the calculation of basic and diluted net (loss) income per common share:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | August 31, 2016 |  |  | August 31, 2015 |  |  | August 31, 2016 |  |  | August 31, 2015 |
Numerator: |  |  |  |  |  |  |  |
Net (Loss) Income |  | ($ | 2,644,361 | ) |  | $ | 7,829,572 |  |  |  | (2,130,165 | ) |  | $ | 8,325,774 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 7,583,771 |  |  |  | 9,462,102 |  |  |  | 8,546,110 |  |  |  | 9,697,679 |
Dilutive common shares issuable upon exercise of stock options |  |  | — |  |  |  | 288,095 |  |  |  | — |  |  |  | 247,939 |
Weighted-average shares-diluted |  |  | 7,583,771 |  |  |  | 9,750,197 |  |  |  | 8,546,110 |  |  |  | 9,945,618 |
Net (loss) income per common share: |  |  |  |  |  |  |  |
Basic |  | ($ | 0.35 | ) |  | $ | 0.83 |  |  | ($ | 0.25 | ) |  | $ | 0.86 |
Diluted |  | ($ | 0.35 | ) |  | $ | 0.80 |  |  | ($ | 0.25 | ) |  | $ | 0.84 |
For the three and nine months ended August 31, 2016, the Company excluded the effect of all outstanding stock options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive. For the three and nine months ended August 31, 2015, the Company excluded the effect of 225,000 and 287,500, respectively, outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive.

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