Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

v2.4.1.9
LOSS PER SHARE
6 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
8.
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 and six month period ended March 31, 2015 and 2014, 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 loss and shares used to compute net loss per share for the three months ended March 31, 2015 and 2014 is as follows:
 
 
 
Three months ended
March 31,
 
 
 
2015
 
2014
 
Net loss for computation of basic net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(695,400)
 
$
(942,300)
 
From discontinued operations
 
 
(900)
 
 
300
 
Net loss
 
$
(696,300)
 
$
(942,000)
 
Basic net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(0.01)
 
$
(0.01)
 
From discontinued operations
 
 
0.00
 
 
0.00
 
Basic net loss per share
 
$
(0.01)
 
$
(0.01)
 
Net loss for computation of dilutive net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(695,400)
 
$
(942,300)
 
From discontinued operations
 
 
(900)
 
 
300
 
Net loss
 
$
(696,300)
 
$
(942,000)
 
Diluted net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(0.01)
 
$
(0.01)
 
From discontinued operations
 
 
0.00
 
 
0.00
 
Basic net loss per share
 
$
(0.01)
 
$
(0.01)
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
101,667,409
 
 
99,767,230
 
Dilutive common equivalent shares
 
 
-
 
 
-
 
Diluted weighted average common shares
 
 
101,667,409
 
 
99,767,230
 
 
 
 
 
 
 
 
 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:
 
 
 
 
 
 
 
Convertible debt
 
 
1,892,742
 
 
-
 
Warrants
 
 
781,833
 
 
1,222,097
 
Options
 
 
12,645,994
 
 
12,049,594
 
 
 A summary of the net loss and shares used to compute net loss per share for the six months ended March 31, 2015 and 2014 is as follows:
 
 
 
Six months ended
March 31,
 
 
 
2015
 
2014
 
Net loss for computation of basic net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(1,596,100)
 
$
(803,700)
 
From discontinued operations
 
 
(1,800)
 
 
(3,300)
 
Net loss
 
$
(1,570,900)
 
$
(807,000)
 
Basic net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(0.02)
 
$
(0.01)
 
From discontinued operations
 
 
0.00
 
 
0.00
 
Basic net loss per share
 
$
(0.02)
 
$
(0.01)
 
Net loss for computation of dilutive net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(1,596,100)
 
$
(803,700)
 
From discontinued operations
 
 
(1,800)
 
 
(3,300)
 
Net loss
 
$
(1,570,900)
 
$
(807,000)
 
Diluted net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(0.02)
 
$
(0.01)
 
From discontinued operations
 
 
0.00
 
 
0.00
 
Basic net loss per share
 
$
(0.02)
 
$
(0.01)
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
101,667,409
 
 
97,532,356
 
Dilutive common equivalent shares
 
 
-
 
 
-
 
Diluted weighted average common shares
 
 
101,667,409
 
 
97,532,356
 
 
 
 
 
 
 
 
 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:
 
 
 
 
 
 
 
Convertible debt
 
 
1,771,371
 
 
-
 
Warrants
 
 
871,027
 
 
1,630,016
 
Options
 
 
12,531,746
 
 
11,666,261