Earnings Per Share

9 Months Ended

12 Months Ended

Jun. 30, 2017

Sep. 30, 2016

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.

9. EARNINGS PER SHARE

	For the Year Ended September 30, 2016			For the period from July 21, 2015 (Inception) to September 30, 2015

Numerator:
Net loss	$	(11,007,799	)		(315,602	)

Denominator:
Weighted-average shares outstanding:
Weighted-average shares outstanding - Basic		193,981,153			160,823,831
Stock options		-			-
Weighted-average shares outstanding - Diluted		193,981,153			160,823,831

Earnings per share
-Basic		(0.06	)		0.00
-Diluted		(0.06	)		0.00

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.