v3.25.4
EARNINGS (LOSS) PER SHARE
9 Months Ended
Nov. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 9 – EARNINGS (LOSS) PER SHARE

 

Basic earnings (loss) per share (“EPS”) is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period. Diluted EPS is based on the combined weighted average number of common shares outstanding and dilutive potential common shares issuable which include, where appropriate, the assumed exercise of options and the assumed vesting of granted restricted share awards. In computing Diluted EPS, we have utilized the treasury stock method.

 

The computation of weighted average common and common equivalent shares used in the calculation of basic and diluted EPS is shown below:

 

   Three Months Ended
November 30,
   Nine Months Ended
November 30,
 
   2025   2024   2025   2024 
Net earnings (loss) per share:                
Net earnings (loss) applicable to common shareholders  $7,802,100   $(835,700)  $5,432,200   $(3,918,100)
                     
Weighted average shares outstanding:                    
Basic   8,576,197    8,273,402    8,580,866    8,270,797 
Diluted   8,576,197    8,273,402    8,580,866    8,270,797 
                     
Earnings (loss) per share:                    
Basic  $0.91   $(0.10)  $0.63   $(0.47)
Diluted  $0.91   $(0.10)  $0.63   $(0.47)

As shown in the table below, the following shares have not been included in the calculation of diluted loss per share as they would be anti-dilutive to the calculation above.

 

   Three Months Ended
November 30,
   Nine Months Ended
November 30,
 
   2025   2024   2025   2024 
Weighted average shares:                
Issued unvested restricted stock and assumed shares issuable under granted unvested restricted stock awards   -    235,214    -    185,665