Earnings Per Share

6 Months Ended

Mar. 31, 2017

9. EARNINGS PER SHARE

Basic earnings per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net loss by the weighted-average number of common shares and dilutive potential common shares outstanding during the year.

	For the Three Months Ended March 31,			For the Three Months Ended March 31,			For the Six Months Ended March 31,			For the Six Months Ended March 31,
	2017			2016			2017			2016
Numerator:
Net loss	$	(256,671	)	$	(6,608,712	)	$	(397,008	)	$	(10,110,147	)

Denominator:
Weighted-average shares outstanding:
Weighted-average shares outstanding – Basic & Diluted		212,056,647			208,758,821			211,432,361			207,230,133

Earnings per share
-Basic & Diluted		(0.00	)		(0.03	)		(0.00	)		(0.05	)

Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.