Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share

v3.7.0.1
Earnings per Common Share
6 Months Ended
Apr. 30, 2017
NET INCOME PER SHARE:  
Earnings per Common Share

NOTE 12 – EARNINGS PER COMMON SHARE

 

    Three Months     Three Months     Six Months     Six Months  
    Ended     Ended     Ended     Ended  
Fiscal Period   April 30, 2017     April 30, 2016     April 30, 2017     April 30, 2016  
Numerator:                        
Net Income   $ 1,274,964     $ 1,582,533     $ 2,846,926     $ 1,872,054  
                                 
Denominator:                                
Basic weighted average common shares outstanding     9,102,192       6,741,330       9,101,837       6,741,330  
Conversion of Series C Preferred Stock     200,000       2,200,000       200,000       2,200,000  
Diluted outstanding shares     9,302,192       8,941,330       9,301,837       8,941,330  
Earnings from continuing operations                                
                                 
Basic   $ 0.14     $ 0.23     $ 0.31     $ 0.28  
Diluted   $ 0.14     $ 0.18     $ 0.31     $ 0.21