Net Loss per Share

6 Months Ended

Mar. 31, 2013

Net Loss per Share [Text Block]

14. Net Loss Per Share

The following is the calculation of net loss per share:

		Three months ended March 31,						Six months ended March 31,
		2012			2013			2012			2013
					(As restated)
Net loss	$	(15,628,048	)	$	(19,688,377	)	$	(17,447,802	)	$	(47,854,127	)
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	$	(1.24	)	$	(1.56	)	$	(1.38	)	$	(3.79	)

For the three months ended March 31, 2013, the outstanding 791,671 stock options and outstanding 30,000 restricted stock were anti-dilutive and excluded from diluted net loss per share. For the three months ended March 31, 2012, the outstanding 828,631 stock options and outstanding 60,000 restricted stock were anti-dilutive and excluded from diluted net loss per share.

For the six months ended March 31, 2013, the outstanding 791,671 stock options and outstanding 30,000 restricted stock were anti-dilutive and excluded from diluted net loss per share. For the six months ended March 31, 2012, the outstanding 838,831 stock options, outstanding 60,000 restricted stock was anti-dilutive and excluded from diluted net loss per share.