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LOSS PER COMMON SHARE
 6 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
LOSS PER COMMON SHARE

NOTE 5 – 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, 2024, and 2023, the following items were excluded from the computation of diluted net loss per common share as their effect is anti-dilutive:

 

   2024   2023   2024   2023 
   For the six months ended   For the three months ended 
   March 31,   March 31, 
   2024   2023   2024   2023 
                     
Options   28,796    28,796    28,796    28,796 

 

For the three and six months ended March 31, 2024 and 2023, loss per share basic and diluted for continuing operations are calculated as follows:

 

   2024   2023   2024   2023 
   For the three months   For the six months 
   March 31,   March 31, 
   2024   2023   2024   2023 
Loss from Continuing operations  $(1,580,184)  $(553,761)  $(2,894,579)  $(3,650,514)
Less (loss)/gain in noncontrolling interest   (96,510)   55,265    (192,919)   (3,898)
Preferred stock dividends   52,515    58,720    52,515    58,720 
Net loss applicable to common shareholders   (1,536,189)   (667,746)   (2,754,175)   (3,705,336)
Weighted Average Number of Shares-Basic & Diluted   1,055,636    815,498    1,051,630    788,265 
Loss per share - Basic & Diluted - Continuing Operations  $(1.46)  $(0.82)  $(2.62)  $(4.70)