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LOSS PER COMMON SHARE
 9 Months Ended
Jun. 30, 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 nine months ended June 30, 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 nine months ended 
   June 30,   June 30, 
   2021   2020   2021   2020 
                 
Warrants to purchase shares   433,965    433,965    433,965    433,965 
Options   1,383,965    1,145,871    1,383,965    1,204,329