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Income (Loss) per Common Share | 9 Months Ended
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Aug. 31, 2019
Earnings Per Share [Abstract] |
Income (Loss) per Common Share | Note 7 – Income (Loss) per Common Share The following table sets forth the calculation of basic and diluted net income (loss) per common share:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | August 31, 2019 |  |  | August 31, 2018 |  |  | August 31, 2019 |  |  | August 31, 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | 1,116,259 |  |  | $ | 244,984 |  |  | $ | 1,445,809 |  |  | ($ | 1,745,582 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 7,803,333 |  |  |  | 7,694,662 |  |  |  | 7,802,676 |  |  |  | 7,350,868 |
Dilutive common shares issuable upon exercise of stock options |  |  | 641,904 |  |  |  | 681,013 |  |  |  | 627,575 |  |  |  | — |
Weighted-average shares-diluted |  |  | 8,445,237 |  |  |  | 8,375,675 |  |  |  | 8,430,251 |  |  |  | 7,350,868 |
Net income (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.14 |  |  | $ | 0.03 |  |  | $ | 0.19 |  |  | ($ | 0.24 | )
Diluted |  | $ | 0.13 |  |  | $ | 0.03 |  |  | $ | 0.17 |  |  | ($ | 0.24 | )
For the three months ended August 31, 2019, the Company excluded the effect of 43,636 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. For the nine months ended August 31, 2019, the Company excluded the effect of 154,601 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. For the three months ended August 31, 2018, the Company did not exclude any of the 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 nine months ended August 31, 2018, the Company excluded the effect of all 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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