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EARNINGS PER SHARE
 12 Months Ended
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: 

          
   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:  

     
   Fiscal 2022 
Options   1,085,000 
Warrants   151,000 
Total potentially dilutive shares   1,236,000