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Loss Per Common Share
 6 Months Ended
Mar. 31, 2020
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     For the six months ended  
    March 31,     March 31,  
    2020     2019     2020     2019  
                         
Basic weighted average shares outstanding     6,250,761       1,774,636       5,292,167       1,705,770  
Dilutive effect of options     -       -       -       -  
Dilutive effect of convertible debt     -       -       -       -  
Diluted weighted average shares outstanding     6,250,761       1,774,636       5,292,167       1,705,770  

 

For the three and six months ended March 31, 2020 and 2019, 1,483,965 and 538,076 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.