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LOSS PER SHARE

12 Months Ended

Sep. 30, 2022

LOSS PER SHARE

LOSS PER SHARE

NOTE 9 – LOSS PER SHARE

Earnings per common share is computed by dividing net income allocated to common shareholders by the weighted-average common shares outstanding, excluding unvested common shares subject to repurchase or cancellation. Diluted EPS is computed by dividing income allocated to common shareholders plus dividends on dilutive convertible preferred stock and preferred stock that can be tendered to exercise warrants, by the weighted-average common shares outstanding plus amounts representing the dilutive effect of outstanding warrants and the dilution resulting from the conversion of convertible preferred stock, if applicable.

For the fiscal year ended September 30, 2022, and 2021, the convertible debt and shares of Preferred Stock were excluded from the diluted share count because the result would have been antidilutive under the “if-converted method.” The warrants to purchase common shares of stock also were excluded from the computation because the result would have been antidilutive.

The following table presents the reconciliation of net loss attributable to common stockholders to net loss used in computing basic and diluted net income per share of common stock:

​	​	​	​	​	​	​
​	​	Fiscal Year ended September 30,
​		2022		​	2021
Net loss attributable to common stockholders	​	$	(739,532,806)	​	$	(44,240,580)
Less: Accumulated Series C Preferred Stock Dividends	​	​	7,762,255	​	​	—
Less: Preferred Series C Deemed Dividend	​	​	32,754,185	​	​	—
Net loss used in computing basic net income per share of common stock	​	$	(780,049,246)	​	$	(44,240,580)
​	​	​	​	​	​	​
Net Loss per Share	​	$	(2.80)	​	$	(8.56)
​	​	​	​	​	​	​
Weighted average shares outstanding, basic and diluted	​	​	278,219,500	​	​	5,171,144

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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