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Income per Common Share | 9 Months Ended
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Aug. 31, 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 net income per common share:
|  | Three Months Ended |  |  | Six Months Ended |
|  | August 31, 2021 |  |  | August 31, 2020 |  |  | August 31, 2021 |  |  | August 31, 2020 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 856,494 |  |  | $ | 784,467 |  |  | $ | 2,720,713 |  |  | $ | 2,424,771 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 8,452,374 |  |  |  | 7,545,613 |  |  |  | 7,996,278 |  |  |  | 7,544,124 |
Dilutive common shares issuable upon exercise of stock options |  |  | 239,957 |  |  |  | 633,852 |  |  |  | 221,176 |  |  |  | 593,339 |
Weighted-average shares-diluted |  |  | 8,692,331 |  |  |  | 8,179,465 |  |  |  | 8,217,454 |  |  |  | 8,137,463 |
Net income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.34 |  |  | $ | 0.32 |
Diluted |  | $ | 0.10 |  |  | $ | 0.10 |  |  | $ | 0.33 |  |  | $ | 0.30 |
For the three months ended August 31, 2021, the Company excluded the effect of 20,000 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, 2021, the Company excluded the effect of 27,000 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 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.

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- 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=124432515&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=124432515&loc=d3e3630-109257 + Details
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