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INCOME/(LOSS) PER COMMON SHARE
 6 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
INCOME/(LOSS) PER COMMON SHARE

NOTE 4 – INCOME/(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/(loss) 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, 2025, and 2024, the following items were excluded from the computation of diluted net income/(loss) per common share as their effect is anti-dilutive:

 

                 
   For the three months ended   For the six months ended 
   March 31, 2025   March 31, 2024   March 31, 2025   March 31, 2024 
                 
Options   18    18    18    18 
Warrants   3,318,556    -    3,318,556    - 

 

For the three and six months ended March 31, 2025, and 2024, income/(loss) per share basic and diluted for continuing operations are calculated as follows:

 

                 
   For the three months   For the six months ended 
   March 31,   March 31, 
   2025   2024   2025   2024 
Earnings/(loss) from Continuing operations  $8,610,510   $(1,580,184)  $(20,056,721)  $(2,894,579)
Less Earnings/(loss) in noncontrolling interest   254,537    (96,510)   74,385    (192,919)
Preferred stock dividends   21,949    52,515    21,949    52,515 
Net Earnings/(loss) applicable to common shareholders   8,334,024    (1,536,189)   (20,153,055)   (2,754,175)
Weighted Average Number of Shares-Basic & Diluted   2,032,744    503    1,897,797    501 
Earnings/(loss) per share - Basic & Diluted - Continuing Operations  $4.10   $(3,054.05)  $(10.62)  $(5,497.36)

 

In accordance with ASC 260-45-13, the common shares underlying the Series A Warrants under the alternative cashless exercise have been included in the calculation of the weighted average shares.