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EARNINGS PER SHARE | 12 Months Ended
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Sep. 30, 2022
(Loss)/earnings per share: |
EARNINGS PER SHARE | NOTE 10 EARNINGS PER SHARE Basic earnings per share data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period. Diluted earnings per share data is computed using the weighted average number of common and dilutive common equivalent shares outstanding during each period. Dilutive common equivalent shares consist of shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method. A reconciliation of basic and diluted earnings/loss per share is as follows:
Schedule of earnings (loss) per share |  |  |  |  |  |  |  |
|  | For the Fiscal Years Ended |
|  | September 30, |
|  | 2022 |  |  | 2021 |
Numerator: |  |  |  |  |  |
Net (loss)/income |  | $ | (1,378,000 | ) |  | $ | 524,000 |
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 10,061,000 |  |  |  | 9,950,000 |
Dilutive common share equivalents |  |  | – |  |  |  | 493,000 |
Weighted average dilutive shares outstanding |  |  | 10,061,000 |  |  |  | 10,443,000 |
(Loss)/earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | (0.14 | ) |  | $ | 0.05 |
Diluted |  | $ | (0.14 | ) |  | $ | 0.05 |
There were no anti-dilutive securities excluded from the calculation of diluted earnings per share in Fiscal 2021. The following securities were excluded from the calculation of diluted earnings per share in Fiscal 2022 because their inclusion would have been anti-dilutive:
Schedule of anti dilutive securities excluded |  |  |  |
|  | Fiscal 2022 |
Options |  |  | 1,085,000 |
Warrants |  |  | 151,000 |
Total potentially dilutive shares |  |  | 1,236,000 |

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