Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE (Tables)

v3.7.0.1
LOSS PER SHARE (Tables)
 3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of earnings per share

A summary of the net income (loss) and shares used to compute net income (loss) per share for the three-month periods ended December 31, 2016 and 2015 is as follows:  

 

    Three months ended
December 31,		  
    2016     2015  
Net Loss for computation of basic and diluted net loss per share:                
Net loss   $ (1,440,200 )   $ (3,451,300 )
Basic and Diluted net loss per share:                
Basic net loss per share   $ (0.69 )   $ (6.74 )
                 
Basic and Diluted weighted average shares outstanding     2,101,061       512,087  
                 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                
Convertible debt     -       315,982  
Warrants     7,155       34,227  
Options     325,103       71,150