Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.19.2
Earnings Per Common Share
6 Months Ended
Apr. 30, 2019
NET INCOME (LOSS) PER SHARE:  
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.