Annual report pursuant to Section 13 and 15(d)

LOSS PER SHARE (Tables)

v2.4.0.6
LOSS PER SHARE (Tables)
12 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

A summary of the net income (loss) and shares used to compute net income (loss) per share for the years ended September 30, 2012 and 2011 is as follows:

 

    2012     2011  
Net Loss for computation of basic net loss per share:                
From continuing operations   $ (2,916,300 )   $ (8,328,400 )
From discontinued operations   $ (490,500 )   $ (538,200 )
Net loss   $ (3,406,800 )   $ (8,866,600 )
Basic net loss per share:                
From continuing operations   $ (1.55 )   $ (4.45 )
From discontinued operations   $ (0.26 )   $ (0.29 )
Basic net loss per share   $ (1.81 )   $ (4.74 )
Net Loss for computation of dilutive net loss per share:                
From continuing operations   $ (2,916,300 )   $ (8,328,400 )
From discontinued operations   $ (490,500 )   $ (538,200 )
Net loss   $ (3,406,800 )   $ (8,866,600 )
Diluted net loss per share:                
From continuing operations   $ (1.55 )   $ (4.45 )
From discontinued operations   $ (0.26 )   $ (0.29 )
Basic net loss per share   $ (1.81 )   $ (4.74 )
                 
Basic weighted average shares outstanding     1,887,508       1,869,038  
Dilutive common equivalent shares     -       -  
Diluted weighted average common shares     1,887,508       1,869,038  
                 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                
Convertible debt     2,289,131       474,139  
Warrants     1,972,998       908,033  
Options     548,123       521,470