General form of registration statement for all companies including face-amount certificate companies

EARNING (LOSS) PER SHARE

v2.4.0.6
EARNING (LOSS) PER SHARE
 6 Months Ended 12 Months Ended
Mar. 31, 2012
Sep. 30, 2011
Earnings Per Share [Abstract]    
Earnings Per Share [Text Block]

7. LOSS PER SHARE

In accordance with ASC 260-10 (formerly SFAS 128, “Computation of Earnings Per Share”), basic net income (loss) per share is computed by dividing the net income (loss) to common stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common and dilutive common equivalent shares outstanding during the period. For the three months and six months ended March 31, 2012 and 2011, the Company has excluded all common equivalent shares from the calculation of diluted net loss per share as such securities are anti-dilutive.

A summary of the net income (loss) and shares used to compute net income (loss) per share for the three months ended March 31, 2012 and 2011 are as follows:

 

  For the Three Months ended
March 31,
     2012   2011
Net loss for computation of basic net loss per share   $ (8,394,500 )    $ (6,946,300 ) 
Net loss for computation of dilutive net income loss per share   $ (8,394,500 )    $ (6,946,300 ) 
Basic net loss per share   $ (4.48 )    $ (3.72 ) 
Diluted net income loss per share   $ (4.48 )    $ (3.72 ) 
Basic weighted average shares outstanding     1,873,948       1,867,464  
Dilutive common equivalent shares      —         —   
Diluted weighted average common shares     1,873,948       1,867,464  
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                  
Convertible debt     2,051,886       402,759  
Warrants     1,905,251       871,384  
Options     527,958       511,743  
 

A summary of the net loss and shares used to compute the loss per share for the six months ended March 31, 2012 and 2011 are as follows:

 

  For the Six Months ended
March 31,
     2012   2011
Net loss for computation of basic net loss per share   $ (11,125,700 )    $ (7,043,900 ) 
Net loss for computation of dilutive net income loss per share   $ (11,125,700 )    $ (7,043,900 ) 
Basic net loss per share   $ (5.94 )    $ (3.77 ) 
Diluted net loss per share   $ (5.94 )    $ (3.77 ) 
Basic weighted average shares outstanding     1,873,766       1,867,690  
Dilutive common equivalent shares     —       —  
Diluted weighted average common shares     1,873,766       1,867,690  
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                  
Convertible debt     1,909,742       347,499  
Warrants     1,781,556       841,070  
Options     525,894       515,065
8. EARNINGS PER SHARE

 

In accordance with ASC 260-10 (formerly SFAS 128, “Computation of Earnings Per Share”), basic net income (loss) per share is computed by dividing the net income (loss) to common stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common and dilutive common equivalent shares outstanding during the period.  For the years ended September 30, 2011 and 2010, the Company has excluded all common equivalent shares from the calculation of diluted net loss per share as such securities are anti-dilutive.

 

A summary of the net income (loss) and shares used to compute net income (loss) per share for the years ended September 30, 2011 and 2010 is as follows:

 

    2011     2010  
Net loss for computation of basic net income (loss) per share   $ (8,866,600 )   $ (8,174,000 )
Net income (loss) for computation of dilutive net income (loss) per share   $ (8,866,600 )   $ (8,174,000 )
                 
Basic net income (loss) per share   $ (4.74 )   $ (4.69 )
                 
Diluted net income (loss) per share   $ (4.74 )   $ (4.69 )
                 
Basic weighted average shares outstanding     1,869,038       1,742,571  
Dilutive common equivalent shares     -       -  
Diluted weighted average common shares     1,869,038       1,742,571  
                 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                
Convertible debt     474,139       7,152  
Warrants     908,033       639,827  
Options     521,470       374,758