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Note 9: Net Loss Per Share (Tables)

12 Months Ended

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