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Note 18 - Loss Per Common Share
 12 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

18. Loss Per Common Share

 

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares used in basic loss per share during the period. Diluted loss per share is determined on the assumption that outstanding RSUs have been exchanged for common stock and outstanding dilutive stock options have been exercised and the aggregate proceeds as defined were used to reacquire common stock using the average price of such common stock for the period.

 

The following table summarizes the calculation of net loss and weighted average common shares and common equivalent shares outstanding for purposes of the computation of loss per share (in thousands, except share and per share amounts):

 

  

YEAR ENDED SEPTEMBER 30,

 
  

2025

  

2024

 

Net loss

 $(9,724) $(6,578)

Less: loss allocable to unvested restricted stock

  —   — 

Loss attributable to common shareholders for diluted loss per share

 $(9,724) $(6,578)

Weighted average number of common share equivalents:

        

Common shares used in basic loss per share

  12,793,075   13,151,600 

Common share equivalents outstanding related to RSUs

  —   — 

Total weighted average common shares and common share equivalents used in diluted loss per share

  12,793,075   13,151,600 

Loss per share:

        

Basic

 $(0.76) $(0.50)

Diluted

 $(0.76) $(0.50)

 

For the calculation of diluted loss per share for fiscal years 2025 and 2024, RSUs of 332,693 and 408,895, respectively, were excluded in the calculation of weighted average shares outstanding as a result of their impact being antidilutive.