Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.1
EARNINGS PER SHARE
 3 Months Ended
Jan. 31, 2025
NET INCOME PER SHARE:  
EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

 

Basic earnings per share is calculated using our weighted-average outstanding common shares. Diluted earnings per share (reflecting the effect of all potentially dilutive securities – which are principally stock options and restricted stock grants) are calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method.

 

    Three Months     Three Months  
    Ended     Ended  
    January 31,     January 31,  
Fiscal Period   2025     2024  
Numerator:                
Net Income   $ 912,975     $ 629,888  
                 
Denominator:                
Basic weighted average common shares outstanding     11,213,989       11,125,061  
Unexercised portion of options and restricted stock awards     85,748       139,417  
Diluted outstanding shares     11,299,737       11,264,478  
                 
Net income per share                
                 
Basic   $ 0.08     $ 0.06  
Diluted   $ 0.08     $ 0.06