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Loss Per Common Share
 12 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Loss Per Common Share

17. Loss Per Common Share

Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares used in basic loss per share during the period. Diluted loss per share is determined on the assumption that outstanding RSUs have been exchanged for common stock and outstanding dilutive stock options have been exercised and the aggregate proceeds as defined were used to reacquire common stock using the average price of such common stock for the period.

The following table summarizes the calculation of net loss and weighted average common shares and common equivalent shares outstanding for purposes of the computation of loss per share (in thousands, except share and per share amounts):

 

 

 

YEAR ENDED SEPTEMBER 30,

 

 

 

2022

 

 

2021

 

Net loss

 

$

(22,856

)

 

$

(14,056

)

Less: Loss allocable to unvested restricted stock

 

 

—

 

 

 

—

 

Loss attributable to common shareholders
   for diluted earnings per share

 

$

(22,856

)

 

$

(14,056

)

Weighted average number of common share equivalents:

 

 

 

 

 

 

Common shares used in basic loss per share

 

 

12,987,996

 

 

 

13,358,930

 

Common share equivalents outstanding related to
   stock options and RSUs

 

 

—

 

 

 

—

 

Total weighted average common shares and common share
   equivalents used in diluted loss per share

 

 

12,987,996

 

 

 

13,358,930

 

Loss per shares:

 

 

 

 

 

 

Basic

 

$

(1.76

)

 

$

(1.05

)

Diluted

 

$

(1.76

)

 

$

(1.05

)

 

For the calculation of diluted loss per share for fiscal years 2022 and 2021, stock options of zero and 38,800, respectively, and RSUs of 323,859 and 299,374, respectively, were excluded in the calculation of weighted average shares outstanding as a result of their impact being antidilutive.