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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Income Statement [Abstract] |  |  |  |
Revenues | $ 47,043,262 | $ 54,662,057 | $ 147,212,353 | $ 147,210,049
Cost of revenues | 27,797,162 | 35,847,839 | 89,978,026 | 92,349,240
Gross profit | 19,246,100 | 18,814,218 | 57,234,327 | 54,860,809
Operating expenses: |  |  |  |
General and administrative expenses | 12,191,394 | 13,374,721 | 37,885,740 | 35,630,426
Sales and marketing expenses | 3,246,137 | 4,541,677 | 11,403,151 | 10,337,812
Total operating expenses | 15,437,531 | 17,916,398 | 49,288,891 | 45,968,238
Operating income | 3,808,569 | 897,820 | 7,945,436 | 8,892,571
Other (expense) income: |  |  |  |
Interest expense, net | (1,604,622) | (2,711,282) | (4,793,352) | (7,001,314)
Bargain purchase gain on acquisition | 0 | 3,644,889 | 0 | 7,418,375
Other income | (161,977) | 70,805 | 1,663,088 | 254,175
Total other (expense) income, net | (1,766,599) | 1,004,412 | (3,130,264) | 671,236
Income before provision for income taxes | 2,041,970 | 1,902,232 | 4,815,172 | 9,563,807
Provision for income taxes | 561,627 | (174,806) | 1,330,914 | 3,685,941
Net income | 1,480,343 | 2,077,038 | 3,484,258 | 5,877,866
Dividends declared - series B convertible preferred stock | 0 | 0 | 0 | 0
Dividends declared - series E convertible preferred stock | $ 292 | $ 292 | $ 876 | $ 876
Dividends declared - common stock | $ 0 | $ 0 | $ 0 | $ 0
Earnings per share - basic | 0.78 | 1.05 | 1.81 | 2.98
Earnings per share - diluted | $ 0.41 | $ 0.56 | $ 0.95 | $ 1.56
Weighted average common shares outstanding - basic | 1,886,445 | 1,970,136 | 1,919,221 | 1,972,758
Weighted average common shares outstanding - diluted | 3,625,630 | 3,740,204 | 3,663,016 | 3,765,344

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