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Income per Common Share | 6 Months Ended
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May 31, 2017
Earnings Per Share [Abstract] |
Income per Common Share | Note 7 – Income per Common Share The following table sets forth the calculation of basic and diluted net income per common share:
|  | Three Months Ended |  |  | Six Months Ended |
|  | May 31, 2017 |  |  | May 31, 2016 |  |  | May 31, 2017 |  |  | May 31, 2016 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 496,940 |  |  | $ | 637,132 |  |  | $ | 983,863 |  |  | $ | 514,196 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 7,144,775 |  |  |  | 9,087,807 |  |  |  | 7,024,280 |  |  |  | 9,029,909 |
Dilutive common shares issuable upon exercise of stock options |  |  | 581,785 |  |  |  | 309,423 |  |  |  | 558,255 |  |  |  | 306,629 |
Weighted-average shares-diluted |  |  | 7,726,560 |  |  |  | 9,397,230 |  |  |  | 7,582,535 |  |  |  | 9,336,538 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.14 |  |  | $ | 0.06 |
Diluted |  | $ | 0.06 |  |  | $ | 0.07 |  |  | $ | 0.13 |  |  | $ | 0.06 |
For the three and six months ended May 31, 2017, the Company included the effect of all outstanding options in the computation of diluted earnings per share, as all of the outstanding stock options were in the money. For the three and six months ended May 31, 2016, the Company excluded the effect of 40,000 and 40,000, 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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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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