XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.20.2

Income per Common Share | 9 Months Ended
--- | ---
Aug. 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 |  |  | Nine Months Ended |
|  | August 31, 2020 |  |  | August 31, 2019 |  |  | August 31, 2020 |  |  | August 31, 2019 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 784,467 |  |  | $ | 1,116,259 |  |  | $ | 2,424,771 |  |  | $ | 1,445,809 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 7,545,613 |  |  |  | 7,803,333 |  |  |  | 7,544,124 |  |  |  | 7,802,676 |
Dilutive common shares issuable upon exercise of stock options |  |  | 633,852 |  |  |  | 641,904 |  |  |  | 593,339 |  |  |  | 627,575 |
Weighted-average shares-diluted |  |  | 8,179,465 |  |  |  | 8,445,237 |  |  |  | 8,137,463 |  |  |  | 8,430,251 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.10 |  |  | $ | 0.14 |  |  | $ | 0.32 |  |  | $ | 0.19 |
Diluted |  | $ | 0.10 |  |  | $ | 0.13 |  |  | $ | 0.30 |  |  | $ | 0.17 |
For the three months ended August 31, 2020, the Company excluded the effect of 7,000 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, 2020, the Company excluded the effect of 196,101 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, 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration