Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

v2.4.0.6
LOSS PER SHARE
 6 Months Ended
Mar. 31, 2013
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, 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 income (loss) and shares used to compute net income (loss) per share for the three months ended March 31, 2013 and 2012 are as follows:

 

    Three months ended
March 31,		  
    2013     2012  
Net Loss for computation of basic net loss per share:                
From continuing operations   $ (1,530,100 )   $ (8,310,400 )
From discontinued operations   $ (1,100 )   $ (84,100 )
Net loss   $ (1,531,200 )   $ (8,394,500 )
Basic net loss per share:                
From continuing operations   $ (0.07 )   $ (4.44 )
From discontinued operations   $ (0.00 )   $ (0.04 )
Basic net loss per share   $ (0.07 )   $ (4.48 )
Net Loss for computation of dilutive net loss per share:                
From continuing operations   $ (1,530,100 )   $ (8,310,400 )
From discontinued operations   $ (1,100 )   $ (84,100 )
Net loss   $ (1,531,200 )   $ (8,394,500 )
Diluted net loss per share:                
From continuing operations   $ (0.07 )   $ (4.44 )
From discontinued operations   $ (0.00 )   $ (0.04 )
Basic net loss per share   $ (0.07 )   $ (4.48 )
                 
Basic weighted average shares outstanding     22,294,401       1,873,948  
Dilutive common equivalent shares     -       -  
Diluted weighted average common shares     22,294,401       1,873,948  
                 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                
Convertible debt     34,655,501       2,051,886  
Warrants     762,582       1,905,251  
Options     8,326,261       527,958  

  

A summary of the net loss and shares used to compute the loss per share for the six months ended March 31, 2013 and 2012 are as follows:

 

    Six months ended
March 31,		  
    2013     2012  
Net Loss for computation of basic net loss per share:                
From continuing operations   $ (2,491,200 )   $ (10,897,400 )
From discontinued operations   $ (13,300 )   $ (228,300 )
Net loss   $ (2,504,500 )   $ (11,125,700 )
Basic net loss per share:                
From continuing operations   $ (0.20 )   $ (5.82 )
From discontinued operations   $ (0.00 )   $ (0.12 )
Basic net loss per share   $ (0.20 )   $ (5.94 )
Net Loss for computation of dilutive net loss per share:                
From continuing operations   $ (2,491,200 )   $ (10,897,400 )
From discontinued operations   $ (13,300 )   $ (228,300 )
Net loss   $ (2,504,500 )   $ (11,125,700 )
Diluted net loss per share:                
From continuing operations   $ (0.20 )   $ (5.82 )
From discontinued operations   $ (0.00 )   $ (0.12 )
Basic net loss per share   $ (0.20 )   $ (5.94 )
                 
Basic weighted average shares outstanding     12,159,531       1,873,766  
Dilutive common equivalent shares     -       -  
Diluted weighted average common shares     12,159,531       1,873,766  
                 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:                
Convertible debt     37,542,992       1,909,742  
Warrants     924,396       1,781,556  
Options     6,211,145       525,894