XML 20 R12.htm IDEA: XBRL DOCUMENT
v3.24.2

Income per Common Share | 6 Months Ended
--- | ---
May 31, 2024
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 |
|  | May 31, 2024 |  |  | May 31, 2023 |  |  | May 31, 2024 |  |  | May 31, 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 655,790 |  |  | $ | 220,976 |  |  | $ | 1,212,031 |  |  | $ | 987,788 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 8,117,479 |  |  |  | 8,325,101 |  |  |  | 8,197,223 |  |  |  | 8,395,307 |
Dilutive common shares issuable upon exercise of stock options |  |  | 114,848 |  |  |  | 6,810 |  |  |  | 78,191 |  |  |  | 7,231 |
Weighted-average shares-diluted |  |  | 8,232,327 |  |  |  | 8,331,911 |  |  |  | 8,275,414 |  |  |  | 8,402,538 |
Income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.08 |  |  | $ | 0.03 |  |  | $ | 0.15 |  |  | $ | 0.12 |
Diluted |  | $ | 0.08 |  |  | $ | 0.03 |  |  | $ | 0.15 |  |  | $ | 0.12 |
For the three months ended May 31, 2024, the Company excluded the effect of 527,700 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, 2024, the Company excluded the effect of 639,745 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, 2023, the Company excluded the effect of 843,678 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, 2023, the Company excluded the effect of 843,678 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration