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Income (Loss) Per Share
9 Months Ended
Jun. 30, 2012
Income (Loss) Per Share [Abstract]  
INCOME (LOSS) PER SHARE

13. INCOME (LOSS) PER SHARE

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

 

                                 
   

Three Months Ended

June 30,

   

Nine Months Ended

June 30,

 
    2012     2011     2012     2011  

Basic

                               

Income (loss) from continuing operations

  $ 200,376     $ (685,440   $ 222,434     $ 4,581,830  

Income from discontinued operations

    —         1,606       —         83,231  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) available to common stockholders

  $ 200,376     $ (683,834   $ 222,434     $ 4,665,061  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding (basic)

    32,374,499       32,335,846       32,374,499       30,616,660  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic income (loss) per common share, continuing operations

  $ 0.01     $ (0.02   $ 0.01     $ 0.15  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic income per common share, discontinued operations

  $ 0.00     $ 0.00     $ 0.00     $ 0.00  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic income (loss) per common share

  $ 0.01     $ (0.02   $ 0.01     $ 0.15  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

                               

Income (loss) from continuing operations

  $ 200,376     $ (685,440   $ 222,434     $ 4,581,830  

Income from discontinued operations

    —         1,606       —         83,231  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (loss) available to common stockholders

  $ 200,376     $ (683,834   $ 222,434     $ 4,665,061  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

    32,374,499       32,335,846       32,374,499       30,616,660  

Assumed exercise of dilutive options and warrants

    1,118,445       —         794,479       943,796  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average dilutive shares outstanding

    33,492,944       32,335,846       33,168,978       31,560,456  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income (loss) per common share, continuing operations

  $ 0.01     $ (0.02   $ 0.01     $ 0.15  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income per common share, discontinued operations

  $ 0.00     $ 0.00     $ 0.00     $ 0.00  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted income (loss) per common share

  $ 0.01     $ (0.02   $ 0.01     $ 0.15  
   

 

 

   

 

 

   

 

 

   

 

 

 

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

                               

Options

    901,700       4,156,524       891,700       2,120,000  

Warrants

    1,627,945       1,627,945       1,627,945       1,627,945  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

    2,529,645       5,784,469       2,519,645       3,747,945