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Basis of Presentation
 9 Months Ended
Jun. 30, 2011
Basis Of Presentation [Abstract]  
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1.           Basis of Presentation

The accompanying unaudited financial statements as of June 30, 2011 of Mitek Systems, Inc. (the “Company”) have been prepared in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X and accordingly, they do not include all information and footnote disclosures required by accounting principles generally accepted in the United States of America.  Refer to the Company’s financial statements on Form 10-K for the year ended September 30, 2010 for additional information.  The financial statements do, however, reflect all adjustments (solely of a normal recurring nature) which are, in the opinion of management, necessary for a fair statement of the results of the interim periods presented.
 
Results for the three and nine months ended June 30, 2011 are not necessarily indicative of results which may be reported for any other interim period or for the year as a whole.
 
Earnings (loss) per share
 
The computation of basic and diluted earnings or loss per share is as follows:
 
   
Three months ended
   
Nine months ended
 
   
June 30,
   
June 30,
 
   
2011
   
2010
   
2011
   
2010
 
Net income (loss)
  $ 325,111     $ (646,564 )   $ 94,323     $ (862,537 )
                                 
Weighted-average common shares and share equivalents outstanding - basic
    22,574,421       16,867,236       20,648,090       16,791,705  
                                 
Effect of dilutive stock options
    2,244,253       -       2,147,586       -  
                                 
Weighted-average common shares and share equivalents outstanding - diluted
    24,818,674       16,867,236       22,795,676       16,791,705  
                                 
Earnings per share:
                               
Basic
  $ 0.01     $ (0.04 )   $ 0.00     $ (0.05 )
Diluted
  $ 0.01     $ (0.04 )   $ 0.00     $ (0.05 )
 
For the three and nine months ended June 30, 2010, respectively, 1,917,085 and 1,548,066 potentially dilutive shares were not included in the diluted per share calculation as their inclusion would have been antidilutive.