The following schedule shows the calculation of net income (loss) per common share for the periods presented (in thousands, except per-share amounts).


	Quarter Ended							Three Quarters Ended
		May 31,			May 31,				May 31,				May 31,
		2026			2025				2026				2025
Numerator for basic and diluted income per share:
Net income (loss)	$		3,085	$		(1,409	)	$		(2,186	)	$		(1,304	)

Denominator for basic and diluted income per share:
Basic weighted average shares outstanding			11,260			12,891				11,630				13,028
Effect of dilutive securities:
Stock-based compensation awards			191			-				-				-
Diluted weighted average shares outstanding			11,451			12,891				11,630				13,028

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$		0.27	$		(0.11	)	$		(0.19	)	$		(0.10	)

Since we incurred a net loss for the three quarters ended May 31, 2026, no potentially dilutive securities are included in the calculation of net loss per share for that period because their inclusion would be anti-dilutive. The number of dilutive stock-based compensation awards for the three quarters ended May 31, 2026 would have been approximately 154,000 shares. The number of dilutive stock-based compensation awards for the quarter and three quarters ended May 31, 2025 was approximately 72,000 and 116,000, respectively.