Income per Common Share

3 Months Ended

Feb. 29, 2020

Note 7 –Income per Common Share

The following table sets forth the calculation of basic and diluted earnings per share:


	For the three months ended February 29, 2020		For the three months ended February 28, 2019
Numerator:
Net Income	$	686,966	$	275,877
Denominator:
Weighted-average shares outstanding-basic		7,541,113		7,801,333
Dilutive common shares issuable upon exercise of stock options		587,144		623,572

Weighted-average shares-diluted		8,128,257		8,424,905

Earnings (Loss) per share:
Basic	$	0.09	$	0.04

Diluted	$	0.08	$	0.03

For the three months ended February 29, 2020, the Company excluded the effect of 232,737 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 months ended February 28, 2019, the Company excluded the effect of 51,636 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.