| Earnings Per Share [Text Block] |
7. EARNINGS (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 nine months ended June 30, 2013 and 2012, 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 earnings (loss) and shares used to compute net income (loss) per share for the three months ended June 30, 2013 and 2012 are as follows: | | | Three months ended
June 30, | | | | | 2013 | | 2012 | | | Net Loss for computation of basic net loss per share: | | | | | | | | | From continuing operations | | $ | (1,332,200) | | $ | 3,716,400 | | | From discontinued operations | | $ | (1,800) | | $ | (101,200) | | | Net loss | | $ | (1,334,000) | | $ | 3,615,200 | | | Basic net loss per share: | | | | | | | | | From continuing operations | | $ | (0.03) | | $ | 1.98 | | | From discontinued operations | | $ | (0.00) | | $ | (0.05) | | | Basic net loss per share | | $ | (0.03) | | $ | 1.93 | | | Net Loss for computation of dilutive net loss per share: | | | | | | | | | From continuing operations | | $ | (1,332,200) | | $ | 3,716,400 | | | From discontinued operations | | $ | (1,800) | | $ | (101,200) | | | Net loss | | $ | (1,334,000) | | $ | 3,615,200 | | | Diluted net earnings (loss) per share: | | | | | | | | | From continuing operations | | $ | (0.03) | | $ | 0.52 | | | From discontinued operations | | $ | (0.00) | | $ | (0.01) | | | Basic net earnings (loss) per share | | $ | (0.03) | | $ | 0.51 | | | | | | | | | | | | Basic weighted average shares outstanding | | | 42,691,256 | | | 1,874,175 | | | Dilutive common equivalent shares | | | - | | | 5,226,232 | | | Diluted weighted average common shares | | | 42,691,256 | | | 7,100,407 | | | | | | | | | | | | Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | | | | | | | | | Convertible debt | | | 15,484,248 | | | 2,537,964 | | | Warrants | | | 1,344,222 | | | 2,164,440 | | | Options | | | 9,749,594 | | | 523,828 | | A summary of the net loss and shares used to compute the loss per share for the nine months ended June 30, 2013 and 2012 are as follows: | | | Nine months ended
June 30, | | | | | 2013 | | 2012 | | | Net Loss for computation of basic net loss per share: | | | | | | | | | From continuing operations | | $ | (3,823,300) | | $ | (7,180,800) | | | From discontinued operations | | $ | (15,200) | | $ | (329,500) | | | Net loss | | $ | (3,838,500) | | $ | (7,510,300) | | | Basic net loss per share: | | | | | | | | | From continuing operations | | $ | (0.17) | | $ | (3.83) | | | From discontinued operations | | $ | (0.00) | | $ | (0.18) | | | Basic net loss per share | | $ | (0.17) | | $ | (4.01) | | | Net Loss for computation of dilutive net loss per share: | | | | | | | | | From continuing operations | | $ | (3,823,300) | | $ | (7,180,800) | | | From discontinued operations | | $ | (15,200) | | $ | (329,500) | | | Net loss | | $ | (3,838,500) | | $ | (7,510,300) | | | Diluted net loss per share: | | | | | | | | | From continuing operations | | $ | (0.17) | | $ | (3.83) | | | From discontinued operations | | $ | (0.00) | | $ | (0.18) | | | Basic net loss per share | | $ | (0.17) | | $ | (4.01) | | | | | | | | | | | | Basic weighted average shares outstanding | | | 22,336,772 | | | 1,873,902 | | | Dilutive common equivalent shares | | | - | | | - | | | Diluted weighted average common shares | | | 22,336,772 | | | 1,873,902 | | | | | | | | | | | | Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | | | | | | | | | Convertible debt | | | 28,520,408 | | | 2,206,186 | | | Warrants | | | 1,064,338 | | | 1,909,184 | | | Options | | | 7,429,517 | | | 525,206 | |
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