Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.19.1
Earnings Per Common Share
3 Months Ended
Jan. 31, 2019
NET INCOME (LOSS) PER SHARE:  
Earnings Per Common Share

NOTE 13 – EARNINGS PER COMMON SHARE

 

    Three Months     Three Months  
    Ended     Ended  
    January 31,     January 31,  
Fiscal Period   2019     2018  
Numerator:                
Net Income (Loss)   $ 1,239,013     $ (167,939 )
                 
Denominator:                
Basic weighted average common shares outstanding     10,660,694       9,172,837  
Conversion of Series C Preferred Stock     -       -  
Diluted outstanding shares     10,660,694       9,172,837  
Earnings from continuing operations                
                 
Basic   $ 0.12     $ (0.02 )
Diluted   $ 0.12     $ (0.02 )

 

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