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