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Income per Common Share | 6 Months Ended
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May 31, 2020
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, 2020 |  |  | May 31, 2019 |  |  | May 31, 2020 |  |  | May 31, 2019 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 953,338 |  |  | $ | 53,673 |  |  | $ | 1,640,304 |  |  | $ | 329,550 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 7,545,613 |  |  |  | 7,803,333 |  |  |  | 7,543,376 |  |  |  | 7,802,344 |
Dilutive common shares issuable upon exercise of stock options |  |  | 566,676 |  |  |  | 617,903 |  |  |  | 577,078 |  |  |  | 619,798 |
Weighted-average shares-diluted |  |  | 8,112,289 |  |  |  | 8,421,236 |  |  |  | 8,120,454 |  |  |  | 8,422,142 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.13 |  |  | $ | 0.01 |  |  | $ | 0.22 |  |  | $ | 0.04 |
Diluted |  | $ | 0.12 |  |  | $ | 0.01 |  |  | $ | 0.20 |  |  | $ | 0.04 |
For the three months ended May 31, 2020, the Company excluded the effect of 238,681 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 six months ended May 31, 2020, the Company excluded the effect of 238,681 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 May 31, 2019, the Company excluded the effect of 51,636 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 six months ended May 31, 2019, the Company excluded the effect of 51,636 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.

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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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