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14. NET LOSS PER COMMON SHARE

12 Months Ended

Sep. 30, 2013

Basic loss per share excludes dilution and is computed by dividing net loss by the weighted average of common shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities or other common stock equivalents (convertible preferred stock, convertible debt, warrants to purchase common stock and common stock options) were exercised or converted into common stock. The following table provides a reconciliation of the numerators and denominators of the basic and diluted per-share computations:

	2013			2012			2011

Net loss – available to common shareholders	$	(9,230,478	)	$	(17,645,930	)	$	(26,780,712	)
Less: Gain on derivative instruments		(10,750,666	)		(1,911,683	)		(4,199,256	)
Net loss - diluted	$	(19,981,144	)	$	(19,557,613	)	$	(30,979,968	)

Weighted average number of shares - basic and diluted		30,279,442			25,183,654			20,848,899

Loss per share - basic	$	(0.30	)	$	(0.70	)	$	(1.28)
Loss per share - diluted	$	(0.66	)	$	(0.78	)	$	(1.49	)

Excluded from the above computations of weighted-average shares for diluted net loss per share were options and warrants to purchase 43,791, 907,301 and 2,535,371 shares of common stock as of September 30, 2013, 2012 and 2011, respectively. These securities were excluded because their inclusion would have an anti-dilutive effect on net loss per share diluted.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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