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Loss Per Common Share

3 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Loss Per Common Share

NOTE 3 – LOSS PER COMMON SHARE

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants.

		For the three months ended
		December 31,
		2019				2018
Basic weighted average shares outstanding			4,086,609				1,638,776
Dilutive effect of options			-				-
Dilutive effect of convertible debt			-				-
Diluted weighted average shares outstanding			4,086,609				1,638,776

For the three months ended December 31, 2019 and 2018, 1,483,965 and 513,076 shares of common stock, respectively, were excluded from the computation of diluted earnings per share because the effect of their inclusion would be anti-dilutive.

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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