Note 2 - Earnings Per Share

12 Months Ended

May 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 2.  EARNINGS PER SHARE

Basic and diluted earnings per share of common stock for the years ended May 31, are as follows:

Basic earnings per share of common stock:
	May 31,		May 31,
	2025		2024
Numerator -
Net income attributable to common stockholders	$	1,922,297	$	4,440,265
Denominator -
Weighted-average shares outstanding - basic		28,063,545		28,279,701
Income per share of common stock - basic	$	0.07	$	0.16
Diluted earnings per share of common stock:
Numerator -
Net income attributable to common stockholders	$	1,922,297	$	4,440,265
Denominator -
Weighted-average shares outstanding - basic		28,063,545		28,279,701
Incremental shares from assumed conversion of options warrants and preferred stock, as appropriate		495,815		495,283
Weighted average common stock outstanding - diluted		28,559,360		28,774,984
Income per share of common stock - diluted	$	0.07	$	0.15

Greystone's Series 2003 preferred stock, which is convertible into 3,333,333 shares of common stock, was not included in the computation of diluted earnings per share for the fiscal year 2024 as the effect would have been antidilutive. As of May 31, 2025, all preferred stock had been retired and was therefore not included in the computation.