| Earnings Per Common Share |
NOTE 12 – EARNINGS PER COMMON
SHARE
| Fiscal Period |
|
Three Months Ended
April 30, 2018
|
|
|
Three Months Ended
April 30, 2017
|
|
|
Six Months Ended
April 30, 2018
|
|
|
Six Months Ended
April 30, 2017
|
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (Loss) Income |
|
$ |
(77,325 |
) |
|
$ |
1,274,964 |
|
|
$ |
(245,264 |
) |
|
$ |
2,846,926 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted average common shares outstanding |
|
|
10,353,876 |
|
|
|
9,102,192 |
|
|
|
9,754,033 |
|
|
|
9,101,837 |
|
| Conversion of Series C Preferred Stock |
|
|
0 |
|
|
|
200,000 |
|
|
|
0 |
|
|
|
200,000 |
|
| Diluted outstanding shares |
|
|
10,353,876 |
|
|
|
9,302,192 |
|
|
|
9,754,033 |
|
|
|
9,301,837 |
|
| Earnings from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
(0.01 |
) |
|
$ |
0.14 |
|
|
$ |
(0.03 |
) |
|
$ |
0.31 |
|
| Diluted |
|
$ |
(0.01 |
) |
|
$ |
0.14 |
|
|
$ |
(0.03 |
) |
|
$ |
0.31 |
|
Common stock equivalents of 200,000
shares were excluded from the April 30, 2018, computation as their effect would be anti-dilutive.
|