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Income per Common Share (Tables)
6 Months Ended
May 31, 2020
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net 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