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13. Earnings Per Share (Tables) | 9 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Basic and diluted net loss per share | The following table presents the computation of basic and diluted net earnings per share:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 1,480,343 |  |  | $ | 2,077,038 |  |  | $ | 3,484,258 |  |  | $ | 5,877,866 |
Less: preferred stock dividends |  |  | (292 | ) |  |  | (292 | ) |  |  | (876 | ) |  |  | (876 | )
Net income applicable to common stock |  | $ | 1,480,051 |  |  | $ | 2,076,746 |  |  | $ | 3,483,382 |  |  | $ | 5,876,990 |
Weighted average common shares outstanding |  |  | 1,886,445 |  |  |  | 1,970,136 |  |  |  | 1,919,221 |  |  |  | 1,972,758 |
Basic earnings per share |  | $ | 0.78 |  |  | $ | 1.05 |  |  | $ | 1.81 |  |  | $ | 2.98 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income applicable to common stock |  | $ | 1,480,051 |  |  | $ | 2,076,746 |  |  | $ | 3,483,382 |  |  | $ | 5,876,990 |
Add: preferred stock dividends |  |  | 292 |  |  |  | 292 |  |  |  | 876 |  |  |  | 876 |
Net income applicable for diluted earnings per share |  | $ | 1,480,343 |  |  | $ | 2,077,038 |  |  | $ | 3,484,258 |  |  | $ | 5,877,866 |
Weighted average common shares outstanding |  |  | 1,886,445 |  |  |  | 1,962,039 |  |  |  | 1,919,221 |  |  |  | 1,983,719 |
Add: Options |  |  | – |  |  |  | 38,980 |  |  |  | 4,610 |  |  |  | 42,440 |
Add: Series B Preferred Stock |  |  | 1,071,200 |  |  |  | 1,071,200 |  |  |  | 1,071,200 |  |  |  | 1,071,200 |
Add: Series B Preferred Stock Warrants |  |  | 590,145 |  |  |  | 590,145 |  |  |  | 590,145 |  |  |  | 590,145 |
Add: Series E Preferred Stock |  |  | 77,840 |  |  |  | 77,840 |  |  |  | 77,840 |  |  |  | 77,840 |
Assumed weighted average common shares outstanding |  |  | 3,625,630 |  |  |  | 3,740,204 |  |  |  | 3,663,016 |  |  |  | 3,765,344 |
Diluted earnings per share |  | $ | 0.41 |  |  | $ | 0.56 |  |  | $ | 0.95 |  |  | $ | 1.56 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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