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Income (Loss) Per Share
3 Months Ended
Dec. 31, 2011
Income (Loss) Per Share [Abstract]  
Income (Loss) Per Share

14. INCOME (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

 

     Three Months Ended
December 31,
 
     2011      2010  

Basic

     

Income (loss) from continuing operations

   $ 313,946         (436,887

Income from discontinued operations

     —           81,520   
  

 

 

    

 

 

 

Income (loss) available to common stockholders

   $ 313,946       $ (355,367
  

 

 

    

 

 

 

Weighted average common shares outstanding (basic)

     32,374,499         30,633,109   
  

 

 

    

 

 

 

Basic income per common share, continuing operations

   $ 0.01       $ (0.01
  

 

 

    

 

 

 

Basic income per common share, discontinued operations

   $ —         $ 0.00   
  

 

 

    

 

 

 

Basic income per common share

   $ 0.01       $ (0.01
  

 

 

    

 

 

 

Diluted

     

Income (loss) from continuing operations

   $ 313,946         (436,887

Income from discontinued operations

     —           81,520   
  

 

 

    

 

 

 

Income (loss) available to common stockholders

   $ 313,946       $ (355,367
  

 

 

    

 

 

 

Weighted average common shares outstanding

     32,374,499         30,633,109   

Assumed exercise of dilutive options and warrants

     687,021         —     
  

 

 

    

 

 

 

Weighted average dilutive shares outstanding

     33,061,520         30,633,109   
  

 

 

    

 

 

 

Diluted income per common share, continuing operations

   $ 0.01       $ (0.01
  

 

 

    

 

 

 

Diluted income per common share, discontinued operations

   $ —         $ 0.00   
  

 

 

    

 

 

 

Diluted income per common share

   $ 0.01       $ (0.01
  

 

 

    

 

 

 

Potentially dilutive securities outstanding at period end excluded from the diluted computation as the inclusion would have been antidilutive:

     

Options

     2,647,700         4,389,742   

Warrants

     1,627,945         1,640,509   
  

 

 

    

 

 

 

Total

     4,275,645         6,030,251