Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Earnings Per Share

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Note 17 - Earnings Per Share
3 Months Ended
Feb. 28, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

17.

EARNINGS PER SHARE

 

For the three months ended February 28, 2022 and 2021, the Company recorded net loss available to common shareholders. As such, because the dilution from potential common shares was antidilutive, the Company used basic weighted-average common shares outstanding, rather than diluted weighted-average common shares outstanding when calculating diluted loss per share for the three months ended February 28, 2022 and 2021.

 

The following table sets forth the allocation of net loss for the three months ended February 28, 2022 and 2021, respectively:

   

For the Three Months Ended

 
   

February 28,

 
   

2022

   

2021

 

Net loss available to common shareholders

  $ (3,221 )   $ (272 )
                 

Weighted-average number of shares used in computing net loss per share, basic and diluted

    23,790,382       14,886,721  

Net loss per share – basic and diluted

  $ (0.14 )   $ (0.02 )

 

The Company’s potential dilutive securities, which may include stock options, unvested restricted stock units, convertible preferred stock, and outstanding warrants to purchase shares of common stock, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same. The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

   

For the Three Months Ended

 
   

February 28,

 
   

2022

   

2021

 

Series A Preferred Stock

          4,636,649  

Warrants

          532,319  

Stock Options

    373,831       687,050  

Restricted stock units

    1,565,247       1,573,500  

Total

    1,939,078       7,429,518