Note 7 - Net Income (Loss) Per Share of Common Stock

9 Months Ended

Aug. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

7) Net Income (Loss) Per Share of Common Stock

Basic net income (loss) per share of common stock has been computed on the basis of the weighted average number of common shares outstanding. Diluted net income (loss) per share has been computed on the basis of the weighted average number of common shares outstanding plus equivalent shares assuming exercise of stock options. Potential shares of common stock that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted net income (loss) per share.

Basic and diluted net income (loss) per share have been computed based on the following as of  August 31, 2024 and August 31, 2023:

	For the Three Months Ended
	August 31, 2024			August 31, 2023
Numerator for basic and diluted net income (loss) per share:
Net income from continuing operations	$	2,230		$	240,873
Net loss from discontinued operations		(28,430	)		(314,903	)
Net loss		(26,200	)		(74,030	)
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		5,071,512			5,009,041
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		5,071,512			5,009,041
Net Income (loss) per share - Basic:
Continuing Operations	$	0.00		$	0.05
Discontinued Operations		(0.01	)		(0.06	)
Net loss per share	$	(0.01	)	$	(0.01	)
Net Income (loss) per share - Diluted:
Continuing Operations	$	0.00		$	0.05
Discontinued Operations		(0.01	)		(0.06	)
Net loss per share	$	(0.01	)	$	(0.01	)

	For the Nine Months Ended
	August 31, 2024			August 31, 2023
Numerator for basic and diluted net income (loss) per share:
Net income (loss) from continuing operations	$	(426,657	)	$	920,929
Net loss from discontinued operations		(97,895	)		(346,084	)
Net income (loss)		(524,552	)		574,845
Denominator:
For basic net income (loss) per share - weighted average common shares outstanding		5,054,092			5,000,185
Effect of dilutive stock options		-			-
For diluted net income (loss) per share - weighted average common shares outstanding		5,054,092			5,000,185
Net Income (Loss) per share - Basic:
Continuing Operations	$	(0.08	)	$	0.18
Discontinued Operations		(0.02	)		(0.07	)
Net income (loss) per share	$	(0.10	)	$	0.11
Net Income (Loss) per share - Diluted:
Continuing Operations	$	(0.08	)	$	0.18
Discontinued Operations		(0.02	)		(0.07	)
Net income (loss) per share	$	(0.10	)	$	0.11