v3.26.1
Note 9 - Net Income (Loss) Per Share
 6 Months Ended
Apr. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

(9)

Net Income (Loss) Per Share

 

Basic net income (loss) per share excludes dilution and is computed by dividing net income (loss) available to common shareholders by the weighted-average number of common shares and shares of redeemable restricted common stock outstanding for the period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the net income (loss) of the Company.

 

The following is a reconciliation of the numerators and denominators of the net income (loss) per share computations for the periods presented:

 

   

Three Months Ended

   

Six Months Ended

 
   

April 30,

    

April 30,

  
   

2026

    

2025

    

2026

    

2025

  

Net income (loss) (numerator)

   $ 1,054,817     $ (697,922 )   $ 657,288     $ (1,805,353 )

Shares (denominator)

     8,831,598       7,798,366       8,850,008       7,810,179  

Basic and diluted net income (loss) per share

   $ 0.12     $ (0.09 )   $ 0.07     $ (0.23 )

 

Nonvested shares which have been issued and were outstanding as of April 30, 2025 totaling 398,737 were not included in the computation of basic and diluted net loss per share for the three months and six months ended April 30, 2025 (because to include such shares would have been antidilutive, or in other words, to do so would have reduced the net loss per share for those periods).

 

Redeemable restricted common stock totaling 642,199 shares, issued July 7, 2025 and outstanding as of April 30, 2026, were included in the computation of basic and diluted net income per share for the three months and six months ended April 30, 2026.