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Net Loss Per Share | 6 Months Ended
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Mar. 31, 2012
Net Loss Per Share | Note 7: Net Loss Per Share Net loss per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s unaudited condensed consolidated balance sheet. Diluted net loss per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable in respect of restricted share awards, stock options and convertible preferred stock. Preferred stock dividends are subtracted from net loss to determine the amount available to common stockholders. The following table presents the computation of basic and diluted net loss per share:
|  | Three Months Ended March 31, |  |  | Six Months Ended March 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Loss from continuing operations |  | $ | (259,222 | ) |  | $ | (2,029,493 | ) |  | $ | (454,440 | ) |  | $ | (3,914,047 | )
Less: preferred stock dividends |  |  | (479 | ) |  |  | (479 | ) |  |  | (958 | ) |  |  | (958 | )
Loss from continuing operations applicable to common stock |  |  | (259,701 | ) |  |  | (2,029,972 | ) |  |  | (455,398 | ) |  |  | (3,915,005 | )
Income (loss) from discontinued operations |  |  | 229 |  |  |  | (285,207 | ) |  |  | 3,809 |  |  |  | (131,047 | )
Net loss applicable to common stock |  | $ | (259,472 | ) |  | $ | (2,315,179 | ) |  | $ | (451,589 | ) |  | $ | (4,046,052 | )
Weighted average common shares outstanding - basic and diluted |  |  | 2,345,253 |  |  |  | 658,928 |  |  |  | 1,692,374 |  |  |  | 647,757 |
Earnings per share - basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.11 | ) |  | $ | (3.08 | ) |  | $ | (0.27 | ) |  | $ | (6.04 | )
Discontinued operations |  |  | 0.00 |  |  |  | (0.43 | ) |  |  | 0.00 |  |  |  | (0.20 | )
Net loss |  | $ | (0.11 | ) |  | $ | (3.51 | ) |  | $ | (0.27 | ) |  | $ | (6.24 | )
The following potentially dilutive securities were excluded from the calculation of diluted net loss per share because the effects were anti-dilutive based on the application of the treasury stock method and because the Company incurred net losses during the period:
|  | Three Months Ended March 31, |  |  | Six Months Ended March 31, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Options to purchase shares of common stock |  |  | 24,014 |  |  |  | 12,813 |  |  |  | 24,014 |  |  |  | 12,813 |
Series E convertible preferred stock |  |  | 127,840 |  |  |  | 127,840 |  |  |  | 127,840 |  |  |  | 127,840 |
Shares of non-vested restricted stock |  |  | 1,342 |  |  |  | 2,283 |  |  |  | 1,342 |  |  |  | 2,283 |
|  |  | 153,196 |  |  |  | 142,936 |  |  |  | 153,196 |  |  |  | 142,936 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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