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Earnings Per Share (Tables) | 6 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings Per Share Reconciliation | A reconciliation of basic and diluted earnings per share is presented below:
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Net Income | $ | 5,680,316 |  |  | $ | 4,670,090 |  |  | $ | 9,687,252 |  |  | $ | 7,104,252 |
Weighted average common shares | 8,122,157 |  |  | 8,032,218 |  |  | 8,101,887 |  |  | 8,017,820 |
Effect of dilutive securities: |  |  |  |  |  |  |
Options to purchase common stock | 22,806 |  |  | 40,931 |  |  | 27,331 |  |  | 44,600 |
Diluted average common shares | 8,144,963 |  |  | 8,073,149 |  |  | 8,129,218 |  |  | 8,062,420 |
Earnings Per Share of Common Stock: |  |  |  |  |  |  |
Basic | $ | 0.70 |  |  | $ | 0.58 |  |  | $ | 1.20 |  |  | $ | 0.89 |
Diluted | $ | 0.70 |  |  | $ | 0.58 |  |  | $ | 1.19 |  |  | $ | 0.88 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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