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Income per Common Share | 9 Months Ended
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Aug. 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 |  |  | Nine Months Ended |
|  | August 31, 2024 |  |  | August 31, 2023 |  |  | August 31, 2024 |  |  | August 31, 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,051,679 |  |  | $ | 680,561 |  |  | $ | 2,263,710 |  |  | $ | 1,668,349 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding-basic |  |  | 8,061,946 |  |  |  | 8,286,555 |  |  |  | 8,151,967 |  |  |  | 8,358,792 |
Dilutive common shares issuable upon exercise of stock options |  |  | 111,589 |  |  |  | 55,512 |  |  |  | 89,521 |  |  |  | 16,147 |
Weighted-average shares-diluted |  |  | 8,173,535 |  |  |  | 8,342,067 |  |  |  | 8,241,488 |  |  |  | 8,374,939 |
Income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.13 |  |  | $ | 0.08 |  |  | $ | 0.28 |  |  | $ | 0.20 |
Diluted |  | $ | 0.13 |  |  | $ | 0.08 |  |  | $ | 0.27 |  |  | $ | 0.20 |
For the three months ended August 31, 2024, the Company excluded the effect of 591,665 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, 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 August 31, 2023, the Company excluded the effect of 655,678 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 nine months ended August 31, 2023, the Company excluded the effect of 730,678 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.

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