Quarterly report pursuant to Section 13 or 15(d)

Note 16 - Earnings Per Share

v3.23.2
Note 16 - Earnings Per Share
6 Months Ended
May 31, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

16.

EARNINGS PER SHARE

 

For the three and six months ended May 31, 2023 and 2022, 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 and six months ended May 31, 2023 and 2022.

 

The following table sets forth the allocation of net loss for the six months ended May 31, 2023 and 2022, respectively:

 

   

For the Three Months Ended

   

For the Six Months Ended

 
   

May 31,

   

May 31,

 
   

2023

   

2022

   

2023

   

2022

 

Net loss available to common shareholders

  $ (1,116 )   $ (2,996 )   $ (3,269 )   $ (6,217 )
                                 

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

    21,866,260       23,097,150       21,863,263       23,443,766  

Net loss per share - basic

  $ (0.05 )   $ (0.13 )   $ (0.15 )   $ (0.27 )

 

The Company’s potential dilutive securities, which may include stock options and unvested restricted stock units 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

   

For the Six Months Ended

 
   

May 31,

   

May 31,

 
   

2023

   

2022

   

2023

   

2022

 

Options

    1,514,416       373,831       1,514,416       617,712  

RSUs

    1,254,266       1,565,247       1,254,266       1,747,993  

Total

    2,768,682       1,939,078       2,768,682       2,440,705