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Note 9: Net Loss Per Share (Tables) | 12 Months Ended
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Sep. 30, 2012
Note 9 Net Loss Per Share Tables |
Basic and diluted net loss per share | The following table presents the computation of basic and diluted loss per share:
|  | Year Ended September 30, |
|  | 2012 |  |  | 2011 |
Loss from continuing operations |  | $ | (1,587,641 | ) |  | $ | (5,383,893 | )
Less: preferred stock dividends |  |  | (1,918 | ) |  |  | (1,918 | )
Loss from continuing operations applicable to common stock |  |  | (1,589,559 | ) |  |  | (5,385,811 | )
Income (loss) from discontinued operations |  |  | 12,433 |  |  |  | (118,355 | )
Net loss applicable to common stock |  | $ | (1,577,126 | ) |  | $ | (5,504,166 | )
Weighted average common shares outstanding - basic and diluted |  |  | 2,068,828 |  |  |  | 664,167 |
Earnings per share - basic and diluted: |  |  |  |  |  |  |  |
Loss from continuing operations |  | $ | (0.77 | ) |  | $ | (8.11 | )
Discontinued operations |  |  | 0.01 |  |  |  | (0.18 | )
Net loss |  | $ | (0.76 | ) |  | $ | (8.29 | )
Potentially dilutive securities | The following potentially dilutive securities were excluded from the calculation of net loss per share because the effects are antidilutive based on the application of the treasury stock method and/or because the Company incurred net losses during the period:
|  | Year Ended September 30, |
|  | 2012 |  |  | 2011 |
Options to purchase shares of common stock |  |  | – |  |  |  | 24,013 |
Warrants to purchase shares of common stock |  |  | 109,139 |  |  |  | – |
Series E convertible preferred stock |  |  | 127,840 |  |  |  | 127,840 |
Shares of non-vested restricted stock |  |  | 263 |  |  |  | 1,342 |
|  |  | 237,242 |  |  |  | 153,195 |

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