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16. NET LOSS PER COMMON SHARE | 12 Months Ended
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Sep. 30, 2019
NET LOSS PER COMMON SHARE |
16. NET LOSS PER COMMON SHARE | Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. The Company’s potentially dilutive shares, which include outstanding common stock options, common stock warrants, restricted stock and shares issuable on convertible debt, have not been included in the computation of diluted net loss per share for all periods presented, as the result would be anti-dilutive. For the years presented, the gain on derivative instruments is not included in net loss available to common shareholders for purposes of computing dilutive loss per share because its effect is anti-dilutive. The following table provides a reconciliation of the numerators and denominators of the basic and diluted per-share computations:
|  | Year ended September 30, |
|  | 2019 |  |  | 2018 |
Loss per share – basic and diluted |  |  |  |  |  |
Net loss available to common shareholders |  | $ | (22,134,640 | ) |  | $ | (31,851,573 | )
Weighted average shares outstanding |  |  | 31,174,394 |  |  |  | 17,004,722 |
Basic and diluted loss per common share |  | $ | (0.71 | ) |  | $ | (1.87 | )
In accordance with the contingently issuable shares guidance of FASB ASC Topic 260, Earnings Per Share, the calculation of diluted net loss per share excludes the following dilutive securities because their inclusion would have been anti-dilutive as of September 30:
|  | 2019 |  |  | 2018 |
Options and Warrants |  |  | 7,164,544 |  |  |  | 11,794,603 |
Unvested Restricted Stock |  |  | 304,500 |  |  |  | 312,000 |
Total |  |  | 7,469,044 |  |  |  | 12,106,603 |
Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. The Company’s potentially dilutive shares, which include outstanding common stock options, common stock warrants, restricted stock and shares issuable on convertible debt, have not been included in the computation of diluted net loss per share for all periods presented, as the result would be anti-dilutive. For the years presented, the gain on derivative instruments is not included in net loss available to common shareholders for purposes of computing dilutive loss per share because its effect is anti-dilutive. The following table provides a reconciliation of the numerators and denominators of the basic and diluted per-share computations:
|  | Year ended September 30, |
|  | 2019 |  |  | 2018 |
Loss per share – basic and diluted |  |  |  |  |  |
Net loss available to common shareholders |  | $ | (22,134,640 | ) |  | $ | (31,851,573 | )
Weighted average shares outstanding |  |  | 31,174,394 |  |  |  | 17,004,722 |
Basic and diluted loss per common share |  | $ | (0.71 | ) |  | $ | (1.87 | )

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- 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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