| Earnings Per Common Share |
NOTE 12 – EARNINGS PER COMMON
SHARE
| |
|
Three Months |
|
|
Three Months |
|
|
Nine Months |
|
|
Nine Months |
|
| |
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
| Fiscal Period |
|
July 31,2017 |
|
|
July 31 2016 |
|
|
July 31, 2017 |
|
|
July 31, 2016 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
|
$ |
1,124,802 |
|
|
$ |
1,100,860 |
|
|
$ |
3,971,728 |
|
|
$ |
2,972,914 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average common
shares outstanding
|
|
|
9,110,674 |
|
|
|
6,741,330 |
|
|
|
9,104,890 |
|
|
|
6,741,330 |
|
Conversion of Series C Preferred
Stock
|
|
|
200,000 |
|
|
|
2,200,000 |
|
|
|
200,000 |
|
|
|
2,200,000 |
|
| Diluted outstanding shares |
|
|
9,310,674 |
|
|
|
8,941,330 |
|
|
|
9,304,890 |
|
|
|
8,941,330 |
|
| Earnings from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
0.12 |
|
|
$ |
0.16 |
|
|
$ |
0.44 |
|
|
$ |
0.44 |
|
| Diluted |
|
$ |
0.12 |
|
|
$ |
0.12 |
|
|
$ |
0.43 |
|
|
$ |
0.33 |
|
|