Net Loss per Share

9 Months Ended

Jun. 30, 2013

Net Loss per Share [Text Block]

17. Net Loss Per Share

The following is the calculation of net loss per share:

		Three months ended June 30,						Nine months ended June 30,
		2012			2013			2012			2013
Net loss	$	(27,596,060	)	$	(10,270,681	)	$	(45,043,863	)	$	(58,124,808	)
Weighted average shares used in basic and diluted computation		12,619,049			12,619,597			12,619,049			12,619,597
Loss per share – Basic and diluted	$	(2.19	)	$	(0.81	)	$	(3.57	)	$	(4.61	)

For the nine and three months ended June 30, 2013, the outstanding 246,151 stock options and outstanding 80,000 restricted stock were anti-dilutive and excluded from diluted net loss per share. For the nine and three months ended June 30, 2012, the outstanding 823,831 stock options, outstanding 60,000 restricted stock was anti-dilutive and excluded from diluted net loss per share.