LOSS PER COMMON SHARE

9 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

LOSS PER COMMON SHARE

NOTE 5 – LOSS PER COMMON SHARE

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. For the three and nine months ended June 30, 2024, and 2023, the following items were excluded from the computation of diluted net loss per common share as their effect is anti-dilutive:

	For the three months ended				For the six months ended
	June 30,				June 30,
	2024		2023		2024		2023
Options		28,796		28,796		28,796		28,796
Warrants		13,529,410		-		13,529,410		-

For the three and nine months ended June 30, 2024 and 2023, loss per share basic and diluted for continuing operations are calculated as follows:

	For the three months						For the nine months
	June 30,						June 30,
	2024			2023			2024			2023
Loss from Continuing operations	$	(9,149,303	)	$	(1,185,400	)	$	(12,043,882	)	$	(4,835,914	)
Less (loss)/gain in noncontrolling interest		(158,293	)		(25,595	)		(351,212	)		(29,493	)
Preferred stock dividends		52,515			58,720			52,515			58,720
Net loss applicable to common shareholders		(9,043,525	)		(1,218,525	)		(11,745,185	)		(4,865,141	)
Weighted Average Number of Shares-Basic & Diluted		31,346,628			897,897			11,044,569			824,689
Loss per share - Basic & Diluted - Continuing Operations	$	(0.29	)	$	(1.36	)	$	(1.06	)	$	(5.90	)

In accordance with ASC 260-45-13, the common shares underlying the Series A Warrants under the alternative cashless exercise have been included in the calculation of the weighted average shares.