Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.20.2
Earnings Per Common Share
9 Months Ended
Jul. 31, 2020
NET INCOME PER SHARE:  
Earnings Per Common Share

NOTE 13 – EARNINGS PER COMMON SHARE

 

    Three Months     Three Months     Nine Months     Nine Months  
    Ended     Ended     Ended     Ended  
    July 31,     July 31,     July 31,     July 31,  
Fiscal Period   2020     2019     2020     2019  
Numerator:                                
Net Income   $ 1,022,753     $ 1,775,687     $ 2,104,446     $ 4,988,194  
                                 
Denominator:                                
Basic weighted average common shares outstanding     10,739,354       10,679,876       10,727,705       10,670,642  
Options issued     552,000       -       552,000       -  
Diluted outstanding shares     11,291,354       10,679,876       11,279,705       10,670,642  
                                 
Earnings from continuing operations                                
                                 
Basic   $ 0.10     $ 0.17     $ 0.20     $ 0.47  
Diluted   $ 0.09     $ 0.17     $ 0.19     $ 0.47