Three Months Ended March 31,

Six Months Ended March 31,

2014

2013

2014

2013

Loss from continuing operations

$

(975,860

)

$

(3,215,467

)

$

(1,384,019

)

$

(4,277,939

)

Less: preferred stock dividends

(479

)

(479

)

(959

)

(958

)

Loss from continuing operations applicable to common stock

(976,339

)

(3,215,946

)

(1,384,978

)

(4,278,897

)

Income (loss) from discontinued operations

–

450

–

2,413

Net loss applicable to common stock

$

(976,339

)

$

(3,215,496

)

$

(1,384,978

)

$

(4,276,484

)

Weighted average common shares outstanding - basic and diluted

13,144,063

8,379,069

12,225,987

8,166,921

Earnings per share - basic and diluted:

Loss from continuing operations

$

(0.07

)

$

(0.38

)

$

(0.11

)

$

(0.52

)

Discontinued operations

–

Net loss

$

(0.07

)

$

(0.38

)

$

(0.11

)

$

(0.52

)