Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Common Share

v3.19.2
Earnings Per Common Share
9 Months Ended
Jul. 31, 2019
NET INCOME PER SHARE:  
Earnings Per Common Share

NOTE 13 – EARNINGS PER COMMON SHARE

 

    Three Months     Three Months     Nine Months     Nine Months  
    Ended     Ended     Ended     Ended  
Fiscal Period   July 31, 2019     July 31, 2018     July 31, 2019     July 31, 2018  
Numerator:                                
Net Income (Loss)   $ 1,775,687     $ 1,997,610     $ 4,988,194     $ 1,752,346  
                                 
Denominator:                                
Basic weighted average common shares outstanding     10,679,876       10,415,416       10,670,642       9,976,917  
Conversion of Series C Preferred Stock     -       200,000       -       200,000  
Diluted outstanding shares     10,679,876       10,615,416       10,670,642       10,176,917  
Earnings from continuing operations                                
                                 
Basic   $ 0.17     $ 0.19     $ 0.47     $ 0.18  
Diluted   $ 0.17     $ 0.19     $ 0.47     $ 0.17