Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.7.0.1
Earnings Per Common Share
9 Months Ended
Jul. 31, 2017
NET INCOME PER SHARE:  
Earnings Per Common Share

NOTE 12 – EARNINGS PER COMMON SHARE

 

    Three Months     Three Months     Nine Months     Nine Months  
    Ended     Ended     Ended     Ended  
Fiscal Period   July 31,2017     July 31 2016     July 31, 2017     July 31, 2016  
Numerator:                                
Net Income   $ 1,124,802     $ 1,100,860     $ 3,971,728     $ 2,972,914  
                                 
Denominator:                                
Basic weighted average common
 shares outstanding
    9,110,674       6,741,330       9,104,890       6,741,330  
Conversion of Series C Preferred
Stock
    200,000       2,200,000       200,000       2,200,000  
Diluted outstanding shares     9,310,674       8,941,330       9,304,890       8,941,330  
Earnings from continuing operations                                
                                 
Basic   $ 0.12     $ 0.16     $ 0.44     $ 0.44  
Diluted   $ 0.12     $ 0.12     $ 0.43     $ 0.33