XML 38 R24.htm IDEA: XBRL DOCUMENT

(Loss) Earnings Per Share

12 Months Ended

Sep. 30, 2015

(Loss) Earnings Per Share [Text Block]

17.

(Loss) Earnings Per Share

The following is the calculation of (loss) earnings per share:

			2014			2015
	Net (loss) profit from continuing operations	$	(26,721,513	)	$	14,042,689
	Income from discontinued operations		64,497,429			1,831,237
	Net profit	$	37,775,916		$	15,873,926

	Weighted average shares used in basic computation ^(note)		12,619,597			12,718,388
	Dilutive effect of unvested restricted shares		-			162,733
	Weighted average shares used in diluted computation		12,619,597			12,881,121

	(Loss) earnings per share – Basic
	From continuing operations	$	(2.12	)	$	1.10
	From discontinued operations		5.11			0.14
		$	2.99		$	1.24

	(Loss) earnings per share – Diluted
	From continuing operations	$	(2.12	)	$	1.09
	From discontinued operations		5.11			0.14
		$	2.99		$	1.23

Note:

Including (i) nil and 82,502 vested restricted shares granted pursuant to the 2015 Plan not yet issued as of September 30, 2014 and 2015, respectively; and (ii) nil and 4,376,731 shares to be issued to the investors as of September 30, 2014 and 2015, respectively, on conversion of loans pursuant to the Debt Conversion Agreement on September 29, 2015 (Note 1).

For the year ended September 30, 2014 and 2015, the outstanding 4,200 stock options were anti-dilutive and excluded from diluted (loss) earnings per share.