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(Loss) Earnings Per Share

6 Months Ended

Mar. 31, 2016

(Loss) Earnings Per Share [Text Block]

17.	(Loss) Earnings Per Share

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

		Three months ended March 31,						Six months ended March 31,
		2015			2016			2015			2016
(Loss) profit after tax and before discontinued operations	$	(454,224	)	$	(1,903,158	)	$	16,934,369		$	(4,035,831	)
Income from discontinued operations, net of tax		1,521,519			-			1,521,519			-
Net profit (loss)	$	1,067,295		$	(1,903,158	)	$	18,455,888		$	(4,035,831	)
Weighted average shares used in basic and diluted computation ^Note		12,719,597			17,229,432			12,719,597			17,200,536

(Loss) earnings per share – Basic and diluted
From continuing operations	$	(0.04	)	$	(0.11	)	$	1.33		$	(0.23	)
From discontinued operations		0.12			-			0.12			-
	$	0.08		$	(0.11	)	$	1.45		$	(0.23	)

	Note
	Including 90,834 vested restricted shares granted pursuant to the 2015 Plan not yet issued for the three and six months ended March 31, 2016, respectively.

	For the three and six months ended March 31, 2015 and 2016, the outstanding 4,200 stock options were anti-dilutive and excluded from diluted earnings per share.

	For the three and six months ended March 31, 2016, the outstanding 440,000 unvested restricted shares were anti-dilutive and excluded from diluted loss per share.