Note 3 - Earnings Per Share

3 Months Ended

Feb. 28, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

3. Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	For the three months ended February 28,
	2015			2014
Numerator:
Net (loss)/income available to common shareholders	$	(245,605	)	$	31,236
Denominator:
Weighted average outstanding shares
Basic		7,263,508			7,263,508
(Loss)/Earnings per Share - Basic	$	(0.034	)	$	0.004
Effect of dilutive common stock		-			2,737
Weighted average outstanding shares
Diluted		7,263,508			7,266,245
(Loss)/Earnings per share - Diluted	$	(0.034	)	$	0.004

The Company excluded 257,500 and 350,400 potential shares attributable to outstanding stock options from the calculation of diluted earnings per share for the three months ended February 28, 2015 and 2014, respectively because their inclusion would have been anti-dilutive.