Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.8.0.1
Earnings Per Common Share
3 Months Ended
Jan. 31, 2018
NET (LOSS) INCOME PER SHARE:  
Earnings Per Common Share

NOTE 12 – EARNINGS PER COMMON SHARE

 

    Three Months     Three Months  
    Ended     Ended  
    January 31,     January 31,  
Fiscal Period   2018     2017  
Numerator:            
Net (Loss) Income   $ (167,939 )   $ 1,571,961  
                 
Denominator:                
Basic weighted average common shares outstanding     9,172,837       9,101,493  
Conversion of Series C Preferred Stock     -       -  
Diluted outstanding shares     9,172,837       9,101,493  
Earnings from continuing operations                
                 
Basic   $ (0.02 )   $ 0.17  
Diluted   $ (0.02 )   $ 0.17  

 

Common stock equivalents of 200,000 shares were excluded from the January 31, 2018, computation as their effect would be anti-dilutive.