v3.7.0.1

Income (Loss) Per Share | 3 Months Ended
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Feb. 28, 2017
Earnings Per Share [Abstract] |
INCOME (LOSS) PER SHARE | INCOME (LOSS) PER SHARE Basic income (loss) earnings per share is calculated using the average number of common shares outstanding. Diluted income (loss) earnings per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock method”.
| Three Months Ended
| February 28, 2017 |  | February 29, 2016
Net income available for common shareholders | $ | 186,752 |  |  | $ | 203,369 |
Weighted average common shares outstanding-Basic | 7,006,684 |  |  | 7,006,684 |
Net effect of dilutive stock options | — |  |  | 41,081 |
Weighted average common shares and common shares equivalents—Diluted | 7,006,684 |  |  | 7,047,765 |
Earnings per Share: |  |  |
Basic |  |  |
Continuing Operations | $ | 0.03 |  |  | $ | 0.03 |
Discontinued Operations | $ | — |  |  | $ | — |
Income | $ | 0.03 |  |  | $ | 0.03 |
Diluted |  |  |
Continuing Operations | $ | 0.03 |  |  | $ | 0.03 |
Discontinued Operations | $ | — |  |  | $ | — |
Income | $ | 0.03 |  |  | $ | 0.03 |
For the three months ended February 28, 2017 and February 29, 2016, there were 550,000 and 404,000 shares, respectively, underlying previously issued stock options, and 1,892,744 and 0 of shares underlying warrants, respectively, that were excluded from the calculation of diluted loss per share because the effects of such shares were anti-dilutive.

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