| Earnings per Common Share |
NOTE 12 – EARNINGS PER COMMON
SHARE
| |
|
Three Months |
|
|
Three Months |
|
|
Six Months |
|
|
Six Months |
|
| |
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
| Fiscal Period |
|
April 30, 2017 |
|
|
April 30, 2016 |
|
|
April 30, 2017 |
|
|
April 30, 2016 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Income |
|
$ |
1,274,964 |
|
|
$ |
1,582,533 |
|
|
$ |
2,846,926 |
|
|
$ |
1,872,054 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted average common shares outstanding |
|
|
9,102,192 |
|
|
|
6,741,330 |
|
|
|
9,101,837 |
|
|
|
6,741,330 |
|
| Conversion of Series C Preferred Stock |
|
|
200,000 |
|
|
|
2,200,000 |
|
|
|
200,000 |
|
|
|
2,200,000 |
|
| Diluted outstanding shares |
|
|
9,302,192 |
|
|
|
8,941,330 |
|
|
|
9,301,837 |
|
|
|
8,941,330 |
|
| Earnings from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
0.14 |
|
|
$ |
0.23 |
|
|
$ |
0.31 |
|
|
$ |
0.28 |
|
| Diluted |
|
$ |
0.14 |
|
|
$ |
0.18 |
|
|
$ |
0.31 |
|
|
$ |
0.21 |
|
|