Earnings Per Share

3 Months Ended

Dec. 31, 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 December 31, 2016			For the Three Months Ended December 31, 2015
	(Restated)
Numerator:
Net loss	$	(210,337	)		(3,501,413	)

Denominator:
Weighted-average shares outstanding:
Weighted-average shares outstanding - Basic		210,821,647			163,881,199
Stock options		-			-
Weighted-average shares outstanding - Diluted		210,821,647			163,881,199

Earnings per share
-Basic		(0.00	)		(0.02	)
-Diluted		(0.00	)		(0.02	)

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.