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(Loss) Income Per Share
6 Months Ended
Mar. 31, 2013
(Loss) Income Per Share [Abstract]  
(LOSS) INCOME PER SHARE

11. (LOSS) INCOME PER SHARE

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

 

                                 
   

Three Months Ended

March 31

   

Six Months Ended

March 31

 
    2013     2012     2013     2012  

Basic

                               

(Loss) income available to common stockholders

  $ (459,378   $ (291,888   $ (559,754   $ 22,058  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

    32,399,199       32,374,499       32,397,168       32,374,499  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic (loss) income per common share

  $ (0.01   $ (0.01   $ (0.02   $ 0.00  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

                               

(Loss) income available to common stockholders

  $ (459,378   $ (291,888   $ (559,754   $ 22,058  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

    32,399,199       32,374,499       32,397,168       32,374,499  

Assumed exercise of dilutive options and warrants

    0       0       0       632,495  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average dilutive shares outstanding

    32,399,199       32,374,499       32,397,168       33,006,994  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted (loss) income per common share

  $ (0.01   $ (0.01   $ (0.02   $ 0.00  
   

 

 

   

 

 

   

 

 

   

 

 

 

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

                               

Options

    2,284,657       2,004,075       2,284,657       1,994,075  

Warrants

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

 

 

   

 

 

   

 

 

   

 

 

 

Total

    3,912,602       3,632,020       3,912,602       3,622,020