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EARNINGS PER SHARE | 9 Months Ended
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Jun. 30, 2025
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, and convertible securities, computed using the if-converted method. A reconciliation of basic and diluted earnings per share is as follows:
Schedule of reconciliation of basic and diluted earnings per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended June 30, |  |  | For the Nine Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (2,404,353 | ) |  | $ | (454,699 | ) |  | $ | (5,124,337 | ) |  | $ | (1,447,085 | )
Less deemed dividend on Series B Convertible Preferred Stock |  |  | (10,278 | ) |  |  | – |  |  |  | (10,278 | ) |  |  | – |
Loss from continuing operations attributable to common shareholders |  |  | (2,414,631 | ) |  |  | (454,699 | ) |  |  | (5,134,615 | ) |  |  | (1,447,085 | )
Income from discontinued operations, net of tax |  |  | 1,554,331 |  |  |  | 55,114 |  |  |  | 2,114,639 |  |  |  | 140,066 |
Net loss attributable to common shareholders |  | $ | (860,300 | ) |  | $ | (399,585 | ) |  | $ | (3,019,976 | ) |  | $ | (1,307,019 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 1,113,670 |  |  |  | 1,101,069 |  |  |  | 1,105,269 |  |  |  | 1,101,069 |
Dilutive common share equivalents |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Weighted average dilutive shares outstanding |  |  | 1,113,670 |  |  |  | 1,101,069 |  |  |  | 1,105,269 |  |  |  | 1,101,069 |
Basic (loss) / earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic loss per share from continuing operations |  | $ | (2.17 | ) |  | $ | (0.41 | ) |  | $ | (4.65 | ) |  | $ | (1.31 | )
Basic earnings per share from discontinued operations |  |  | 1.40 |  |  |  | 0.05 |  |  |  | 1.92 |  |  |  | 0.12 |
Basic loss per share attributable to common shareholders |  | $ | (0.77 | ) |  | $ | (0.36 | ) |  | $ | (2.73 | ) |  | $ | (1.19 | )
Diluted (loss) / earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted loss per share from continuing operations |  | $ | (2.17 | ) |  | $ | (0.41 | ) |  | $ | (4.65 | ) |  | $ | (1.31 | )
Diluted earnings per share from discontinued operations |  |  | 1.40 |  |  |  | 0.05 |  |  |  | 1.92 |  |  |  | 0.12 |
Diluted loss per share attributable to common shareholders |  | $ | (0.77 | ) |  | $ | (0.36 | ) |  | $ | (2.73 | ) |  | $ | (1.19 | )
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, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Convertible preferred stock |  |  | 879,000 |  |  |  | – |  |  |  | 879,000 |  |  |  | – |
Options |  |  | 169,000 |  |  |  | 97,000 |  |  |  | 169,000 |  |  |  | 97,000 |
Warrants |  |  | 186,000 |  |  |  | 7,500 |  |  |  | 186,000 |  |  |  | 7,500 |
Total potentially dilutive shares |  |  | 1,234,000 |  |  |  | 104,500 |  |  |  | 1,234,000 |  |  |  | 104,500 |

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