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(Loss) Earnings Per Share
 9 Months Ended
Jun. 30, 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 June 30,     Nine months ended June 30,  
 

 

   2015     2016     2015     2016  
 

(Loss) profit before discontinued operations

 $ (1,269,001 ) $ (2,668,641 ) $ 15,665,368   $ (6,704,472 )
 

Income from discontinued operations

   315,061     -     1,836,580       -  
 

Net profit (loss)

 $ (953,940 ) $ (2,668,641 ) $ 17,501,948   $ (6,704,472 )
 

 

                        
 

Weighted average shares used in basic computation (note)

   12,720,229     17,284,432     12,719,808     17,228,399  
 

Diluted effect of unvested restricted shares

   -     -     2,317     -  
 

Weighted average shares used in diluted computation

   12,720,229     17,284,432     12,722,125     17,228,399  
 

 

                        
 

(Loss) earnings per share – Basic

                        
 

From continuing operations

 $ (0.10 ) $ (0.15 ) $ 1.23   $ (0.39 )
 

From discontinued operations

   0.02     -     0.14     -  
 

 

 $ (0.08 ) $ (0.15 ) $ 1.37   $ (0.39 )
 

(Loss) earnings per share – Diluted

                        
 

From continuing operations

 $ (0.10 ) $ (0.15 ) $ 1.23   $ (0.39 )
 

From discontinued operations

   0.02     -     0.14     -  
 

 

 $ (0.08 ) $ (0.15 ) $ 1.37   $ (0.39 )

Note

The above weighted average shares include 57,000 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended June 30, 2015, and 50,835 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended June 30, 2016.

For the three months ended June 30, 2015, 632,500 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.

For the three and nine months ended June 30, 2016, 885,000 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.

For the three and nine months ended June 30, 2015 and 2016, the outstanding 4,200 stock options were anti-dilutive and excluded from diluted (loss) earnings per share.