Income per Common Share

9 Months Ended

Aug. 31, 2026

Note 6 – Income per Common Share

The following table sets forth the calculation of basic and diluted net income per common share:


	Three Months Ended				Nine Months Ended
	August 31, 2026		August 31, 2025		August 31, 2026		August 31, 2025
Numerator:
Net income	$	1,270,490	$	749,408	$	1,872,184	$	1,388,048
Denominator:
Weighted-average shares outstanding-basic		8,062,650		8,057,780		8,057,778		8,073,303
Dilutive common shares issuable upon exercise of stock options		2,492		15,874		142		53,311
Weighted-average shares-diluted		8,065,142		8,073,654		8,057,920		8,126,614
Income per share:
Basic	$	0.16	$	0.09	$	0.23	$	0.17
Diluted	$	0.16	$	0.09	$	0.23	$	0.17

For the three months ended August 31, 2026, the Company excluded the effect of 1,297,478 outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive. For the nine months ended August 31, 2026, the Company excluded the effect of 1,361,478 outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive.

For the three months ended August 31, 2025, the Company excluded the effect of 823,278 outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive. For the nine months ended August 31, 2025, the Company excluded the effect of 784,678 outstanding options from the computation of diluted earnings per share, as the effect of potentially dilutive shares from the outstanding stock options would be anti-dilutive.