Earnings (Loss) per Share Data

9 Months Ended

Jun. 30, 2023

Note 5 – Earnings (Loss) per Share Data

The condensed consolidated financial statements include basic and diluted earnings (loss) per share information. The following table sets forth the computation of basic and diluted earnings (loss) per share for the quarters and nine months ended June 30, 2023 and 2022:


	Quarter Ended June 30,					Nine Months Ended June 30,
	2023		2022			2023		2022
Net income (loss)	$	3,212,000	$	(1,015,000	)	$	11,561,000	$	(850,000	)

Common Shares:
Weighted average common shares outstanding		14,658,000		14,658,000			14,658,000		14,658,000
Effect of dilutive stock options		—		—			—		—

Diluted shares outstanding		14,658,000		14,658,000			14,658,000		14,658,000

Basic and diluted income (loss) per common share	$	0.22	$	(0.07	)	$	0.79	$	(0.06	)

The Company’s 2009 Incentive Compensation Plan expired on October 1, 2021 and as of November 1, 2021 there were no outstanding stock options under the 2009 Plan. There were no other existing equity compensation plans and arrangements previously approved by security holders as of June 30, 2023 and 2022.