(in thousands, except per share data)

Three Months Ended
June 30,

Nine Months Ended
June 30,

2022

2021

2022

2021

Numerator:

Net income (loss) – basic earnings per share

$

403

$

(3,609

)

$

2,620

$

(5,327

)

Effect of dilutive securities:

Change in fair value of in-the-money warrant derivative liabilities

(10

)

-

(40

)

-

Net income (loss) applicable to common shareholders - diluted earnings per share

$

393

$

(3,609

)

$

2,580

$

(5,327

)

Denominator:

Weighted-average shares outstanding for basic earnings per share

10,217,609

5,939,021

10,203,570

5,117,586

Effect of dilutive securities:

Options

-

109,020

-

Warrants

13,254

-

13,423

-

Preferred stock

38,889

-

38,889

-

Weighted-average shares outstanding for diluted earnings per share

10,269,752

5,939,021

10,364,902

5,117,586

Basic net income (loss) per share

$

0.04

$

(0.61

)

$

0.26

$

(1.04

)

Diluted net income (loss) per share

$

0.04

$

(0.61

)

$

0.25

$

(1.04

)