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7. EARNINGS/(LOSS) PER SHARE (Tables)

6 Months Ended

Mar. 31, 2021

(Loss)/earnings (Loss)/earnings

Schedule of earnings per share

A reconciliation of basic and diluted earnings/(loss) per share is as follows:

		For the Three Months Ended March 31,								For the Six Months Ended March 31,
		2021				2020				2021				2020
Numerator:
Net (loss)/income		$	(835,000	)		$	(1,372,000	)		$	364,000			$	(1,453,000	)
Denominator:
Weighted average common shares outstanding			9,909,000				9,534,000				9,897,000				9,534,000
Dilutive common share equivalents			–				–				482,000				–
Weighted average diluted shares outstanding			9,909,000				9,534,000				10,379,000				9,534,000
(Loss)/earnings per share
Basic		$	(0.08	)		$	(0.14	)		$	0.04			$	(0.15	)
Diluted		$	(0.08	)		$	(0.14	)		$	0.04			$	(0.15	)

Schedule of antidilutive securities

The following securities were excluded from the calculation of diluted earnings/(loss) per share in each period because their inclusion would have been anti-dilutive:

		For the Three Months Ended March 31,								For the Six Months Ended March 31,
		2021				2020				2021				2020
Options			1,049,000				1,004,000				10,000				1,004,000
Warrants			151,000				151,000				–				151,000
Total potentially dilutive shares			1,200,000				1,155,000				10,000				1,155,000

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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