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EARNINGS PER SHARE | 9 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 7 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 per share is as follows:
Schedule of basic and diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended |  | For the Nine Months Ended
|  | June 30, |  | June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |  |
(Loss) / income from continuing operations |  | $ | (377,000 | ) |  | $ | 134,000 |  |  | $ | (1,304,000 | ) |  | $ | (76,000 | )
Loss from discontinued operations, net of tax |  |  | (23,000 | ) |  |  | (670,000 | ) |  |  | (3,000 | ) |  |  | (1,762,000 | )
Net loss |  | $ | (400,000 | ) |  | $ | (536,000 | ) |  | $ | (1,307,000 | ) |  | $ | (1,838,000 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 1,101,069 |  |  |  | 1,101,069 |  |  |  | 1,101,069 |  |  |  | 1,101,069 |
Dilutive common share equivalents |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Weighted average dilutive shares outstanding |  |  | 1,101,069 |  |  |  | 1,101,069 |  |  |  | 1,101,069 |  |  |  | 1,101,069 |
Basic (loss) / earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (loss) / earnings per share from continuing operations |  | $ | (0.34 | ) |  | $ | 0.12 |  |  | $ | (1.18 | ) |  | $ | (0.07 | )
Basic (loss) / earnings per share from discontinued operations |  |  | (0.02 | ) |  |  | (0.61 | ) |  |  | (0.00 | ) |  |  | (1.60 | )
Basic loss per share |  | $ | (0.36 | ) |  | $ | (0.49 | ) |  | $ | (1.19 | ) |  | $ | (1.67 | )
Diluted (loss) / earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted (loss) / earnings per share from continuing operations |  | $ | (0.34 | ) |  | $ | 0.12 |  |  | $ | (1.18 | ) |  | $ | (0.07 | )
Diluted (loss) / earnings per share from discontinued operations |  |  | (0.02 | ) |  |  | (0.61 | ) |  |  | (0.00 | ) |  |  | (1.60 | )
Diluted loss per share |  | $ | (0.36 | ) |  | $ | (0.49 | ) |  | $ | (1.19 | ) |  | $ | (1.67 | )
The following securities were excluded from the calculation of diluted earnings per share in each period because their inclusion would have been anti-dilutive:
Schedule of anti-dilutive shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended June 30, |  | For the Nine Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Options |  |  | 97,427 |  |  |  | 95,000 |  |  |  | 97,427 |  |  |  | 95,000 |
Warrants |  |  | 7,500 |  |  |  | 15,100 |  |  |  | 7,500 |  |  |  | 15,100 |
Total potentially dilutive shares |  |  | 104,927 |  |  |  | 110,100 |  |  |  | 104,927 |  |  |  | 110,100 |

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