Note 9 - Net Loss Per Share Attributable to Common Shareholders

3 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Net Loss Per Share Attributable to Common Shareholders

Basic net loss per share is computed by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding. Diluted net loss per share attributable to common shareholders is computed using the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and warrants using the “treasury stock” method and convertible preferred stock using the “as-if-converted” method. The computation of diluted earnings per share does not include the effect of outstanding stock options, warrants and convertible preferred stock that are considered anti-dilutive.

Basic and diluted net (loss) per share is computed as follows:

(in thousands, except per share data)		*Three Months Ended December 31,*
		*2025*				*2024*
Numerator:
Net loss		$	(86	)		$	(634	)

Denominator:
Weighted-average shares outstanding for basic earnings per share			12,049,722				10,417,609
Effect of dilutive securities:
Options			-				-
Warrants			-				-
Weighted-average shares outstanding for diluted earnings per share			12,049,722				10,417,609

Basic net loss per share		$	(0.01	)		$	(0.06	)
Diluted net loss per share		$	(0.01	)		$	(0.06	)

Potential common stock equivalents excluded from the computation of diluted net (loss) per share because their inclusion would have been anti-dilutive were as follows (in shares):

		*Three Months Ended December 31,*
		*2025*				*2024*
Stock options			1,962,677				2,106,895
Warrants			860,206				804,533
Series C Convertible Preferred Stock			-				38,889
Unvested restricted stock			174,680				-