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Income per Common Share | 3 Months Ended
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Feb. 28, 2021
Earnings Per Share [Abstract] |
Income per Common Share | Note 6 – Income per Common Share The following table sets forth the calculation of basic and diluted earnings per share:
|  | For the three months ended February 28, 2021 |  |  | For the three months ended February 29, 2020 |
Numerator: |  |  |  |  |  |  |  |
Net Income |  | $ | 693,590 |  |  | $ | 686,966 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 7,570,913 |  |  |  | 7,541,113 |
Dilutive common shares issuable upon exercise of stock options |  |  | 627,678 |  |  |  | 587,144 |
Weighted-average shares-diluted |  |  | 8,198,591 |  |  |  | 8,128,257 |
Earnings (Loss) per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.09 |  |  | $ | 0.09 |
Diluted |  | $ | 0.08 |  |  | $ | 0.08 |
For the three months ended February 28, 2021, the Company excluded the effect of 39,000 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 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.

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