Three Months Ended December 31,

(in thousands, except per share data)

2022

2021

Numerator:

Net income (loss) - basic earnings per share

$

(80

)

$

1,872

Effect on dilutive securities:

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

(2

)

(1,247

)

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

$

(82

)

$

625

Denominator:

Weighted-average shares outstanding for basic earnings per share

10,417,609

10,189,012

Effect on dilutive securities:

Options

-

242,699

Warrants

13,213

155,017

Preferred Stock

-

38,889

Weighted-average shares outstanding for diluted earnings per share

10,430,822

10,625,617

Basic net income (loss) per share

$

(0.01

)

$

0.18

Diluted net income (loss) per share

$

(0.01

)

$

0.06