Net Loss per Share

3 Months Ended

Dec. 31, 2011

Net Loss per Share [Text Block]

13.    Net Loss per Share

The calculation of basic net loss per share is based on the net loss for the three months ended December 31, 2011 attributable to equity shareholders of $1,819,754 (three months ended December 31, 2010: $3,657,792) and the weighted average number of shares of common stock of 63,095,246 issued and outstanding during the three months ended December 31, 2011 (three months ended December 31, 2010: 62,895,001).

The effects of 4,586,855 shares of stock options, 507,500 shares of restricted stock and 1,447,500 warrants outstanding during the three months ended or as of December 31, 2010 were all anti-dilutive and the effects of 4,143,155 shares of stock options and 300,000 shares of restricted stock during the three months ended or as of December 31, 2011, also were all anti-dilutive. As such, basic and diluted net loss per share for the three months ended December 31, 2010 and 2011 are the same.