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Nature of Operations and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Potentially Dilutive Common Shares

For the three and nine months ended June 30, 2015 and 2014, the following potentially dilutive common shares were excluded from the calculation of net income (loss) per share, as they would have been antidilutive:

 

 

 

Three Months Ended

June 30,

 

 

Nine Months Ended

June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Stock options

 

 

2,288,077

 

 

 

2,616,121

 

 

 

2,316,232

 

 

 

2,616,121

 

Restricted stock units

 

 

330,684

 

 

 

1,212,292

 

 

 

408,869

 

 

 

1,212,292

 

Warrants

 

 

-

 

 

 

6,667

 

 

 

-

 

 

 

6,667

 

Total potentially dilutive common shares outstanding

 

 

2,618,761

 

 

 

3,835,080

 

 

 

2,725,101

 

 

 

3,835,080

 

 

Calculation of Basic and Diluted Net Income (Loss) Per Share

The calculation of basic and diluted net income (loss) per share is as follows:

 

 

 

Three Months Ended

June 30,

 

 

Nine Months Ended

June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net income (loss)

 

$

916,961

 

 

$

(1,632,601

)

 

$

1,570,791

 

 

$

(5,293,919

)

Weighted-average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

30,764,694

 

 

 

30,481,168

 

 

 

30,704,250

 

 

 

30,451,058

 

Diluted

 

 

31,645,696

 

 

 

30,481,168

 

 

 

31,389,569

 

 

 

30,451,058

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.03

 

 

 

(0.05

)

 

 

0.05

 

 

 

(0.17

)

Diluted

 

 

0.03

 

 

 

(0.05

)

 

 

0.05

 

 

 

(0.17

)