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Loss Per Common Share
 6 Months Ended
Mar. 31, 2021
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 and six months ended March 31, 2021, and 2020, the following items were excluded from the computation of diluted net loss per common share as their effect is anti-dilutive:

 

    For the three months ended     For the six months ended  
    March 31,     March 31,  
    2021     2020     2021     2020  
                         
Warrants to purchase shares     433,965       433,965       433,965       433,965  
Options     880,049       1,050,000       944,757       1,050,000