Earnings (Loss) Per Common Share

3 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 7 – Earnings (Loss) Per Common Share

Basic earnings (loss) per common share is computed by dividing the net income applicable or loss attributable to common shares by the weighted average number of common shares. Diluted earnings per common share adjusts basic earnings per share for the effects of common stock options, common stock warrants, convertible preferred stock and other potential dilutive common shares outstanding during the periods.

For purposes of computing diluted earnings per share for the three months ended December 31, 2013 and 2012, no common stock options were included in the calculation of dilutive shares as all of the 630,532 and 774,483 common stock options outstanding, respectively, had exercise prices above the current quarterly average market price per share and their inclusion is anti-dilutive. Additionally, for the three months ended December 31, 2012, no common share equivalents related to stock options or unvested restricted stock were included in the calculation of dilutive shares, since there was a loss from continuing operations and the inclusion of common share equivalents would be anti-dilutive.

The computation of the weighted shares outstanding for the three months ended December 31 is as follows:

	December 31, 2013		December 31, 2012
Weighted average shares outstanding
Basic		15,021,757		14,673,356
Effect of dilutive securities
Stock Options		-		-
Restricted Stock		260,084		-
Dilutive Average Shares Outstanding		15,281,841		14,673,356