Earnings Per Common Share |
NOTE 13 – EARNINGS PER COMMON SHARE
|
|
Three Months |
|
|
Three Months |
|
|
Six Months |
|
|
Six Months |
|
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
Ended |
|
|
|
April 30, |
|
|
April 30, |
|
|
April 30, |
|
|
April 30, |
|
Fiscal Period |
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
$ |
1,973,494 |
|
|
$ |
(77,325 |
) |
|
$ |
3,212,507 |
|
|
$ |
(245,264 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average common shares outstanding |
|
|
10,671,443 |
|
|
|
10,353,876 |
|
|
|
10,665,970 |
|
|
|
9,754,033 |
|
Conversion of Series C Preferred Stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Diluted outstanding shares |
|
|
10,671,443 |
|
|
|
10,353,876 |
|
|
|
10,665,970 |
|
|
|
9,754,033 |
|
Earnings from continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.18 |
|
|
$ |
(0.01 |
) |
|
$ |
0.30 |
|
|
$ |
(0.03 |
) |
Diluted |
|
$ |
0.18 |
|
|
$ |
(0.01 |
) |
|
$ |
0.30 |
|
|
$ |
(0.03 |
) |
Common stock equivalents of 200,000 shares
were excluded from the April 30, 2018, computations as their effect would be anti-dilutive.
|