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Note 3. EARNINGS (LOSS) PER SHARE
Basic and diluted earnings (loss) per share of common stock for the years ended May 31, are as follows:
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Basic earnings (loss) per share of common stock:
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May 31,
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May 31,
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2026
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2025
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Numerator -
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Net income (loss) attributable to common stockholders
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|
$ |
(8,235,576 |
) |
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$ |
1,922,297 |
|
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Denominator -
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Weighted-average shares outstanding - basic
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|
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27,272,779 |
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|
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28,063,545 |
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earnings (loss) per share of common stock - basic
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|
$ |
(0.30 |
) |
|
$ |
0.07 |
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Diluted earnings (loss) per share of common stock:
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Numerator -
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|
|
|
|
|
|
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Net income (loss) attributable to common stockholders
|
|
$ |
(8,235,576 |
) |
|
$ |
1,922,297 |
|
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Denominator -
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|
|
|
|
|
|
|
|
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Weighted-average shares outstanding - basic
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|
|
27,272,779 |
|
|
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28,063,545 |
|
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Incremental shares from assumed conversion of options warrants, as appropriate
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- |
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495,815 |
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Weighted average common stock outstanding - diluted
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|
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27,272,779 |
|
|
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28,559,360 |
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Earnings (loss) per share of common stock - diluted
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|
$ |
(0.30 |
) |
|
$ |
0.07 |
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Warrants exercisable into common stock totaling 500,000 were not included in the computation of diluted loss per share for the year ended May 31, 2026 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.
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