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Loss Per Share
3 Months Ended
Dec. 31, 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.

 

   Three Months Ended
December 31,
   Years Ended
September 30,
 
   2017   2017   2016 
             
Numerator:            
Net loss  $(381,214)  $(4,071,983)  $(11,007,799)
                
Denominator:               
Weighted-average shares outstanding:               
Weighted-average shares outstanding - Basic   213,746,647    212,648,770    193,981,153 
Stock options   -    -    - 
Weighted-average shares outstanding - Diluted   213,746,647    212,648,770    193,981,153 
                
Loss per share               
-Basic  $(0.00)  $(0.02)  $(0.06)
-Diluted  $(0.00)  $(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.