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Loss Per Share
12 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
LOSS PER SHARE

10. LOSS PER SHARE

 

Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted loss 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 Year
Ended September 30,
2017
    For the Year
Ended September 30,
2016
 
             
Numerator:            
Net loss   $ (4,071,983 )     (11,007,799 )
                 
Denominator:                
Weighted-average shares outstanding:                
Weighted-average shares outstanding - Basic     212,648,770       193,981,153  
Stock options     -       -  
Weighted-average shares outstanding - Diluted     212,648,770       193,981,153  
                 
Loss per share                
-Basic     (0.02 )     (0.06 )
-Diluted     (0.02 )     (0.06 )

 

Diluted loss 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.