Earnings Per Share

9 Months Ended

Jun. 30, 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 June 30,			For the Three Months Ended June 30,			For the Nine Months Ended June 30,			For the Nine Months Ended June 30,
	2017			2016			2017			2016
Numerator:
Net loss	$	(127,879	)	$	(293,237	)	$	(524,887	)	$	(10,353,605	)

Denominator:
Weighted-average shares outstanding:
Weighted-average shares outstanding – Basic & Diluted		213,746,647			208,779,424			212,203,790			208,779,424

Earnings per share
-Basic & Diluted		(0.00	)		(0.00	)		(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.