Annual report pursuant to Section 13 and 15(d)

Note 15 - Earnings Per Share

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Note 15 - Earnings Per Share
12 Months Ended
Nov. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

15.

EARNINGS PER SHARE

 

For the years ended November 30, 2023 and 2022, the Company recorded a 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 years ended November 30, 2023 and 2022.

 

   

November 30,

 
   

2023

   

2022

 

Net loss

  $ (8,192 )   $ (7,885 )
                 

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

    21,919,624       22,364,201  

Net loss per share - basic and diluted

  $ (0.37 )   $ (0.35 )

 

The Company’s potential dilutive securities, which include stock options and RSUs have been excluded from the computation of diluted net loss per share as the effect would be anti-dilutive. 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:

 

   

November 30,

 
   

2023

   

2022

 

Stock Options

    1,384,666       1,297,750  

Restricted Stock

    578,250       1,314,909  

Total

    1,962,916       2,612,659