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Loss per Share
 3 Months Ended
Dec. 31, 2011
Loss per Share [Abstract]  
Earnings Per Share [Text Block]
per Share

Basic loss per share (EPS) is computed based on the weighted average number of common shares outstanding for the period.  Diluted EPS reflects the maximum dilution that would have resulted from incremental common shares issuable upon the exercise of stock options and under deferred compensation agreements.

The following tables provide the components of the basic and diluted EPS computations for the three month periods ended December 31, 2011 and 2010:

 
Three Months Ended
 
December 31,
 
2011
 
2010
Basic EPS Computation
 
 
 
Net loss
$
(283,968
)
 
$
(454,124
)
Weighted average shares outstanding
4,491,857

 
4,481,198

Basic loss per share
$
(.06
)
 
$
(.10
)



 
Three Months Ended
 
December 31,
 
2011
 
2010
Diluted EPS Computation
 
 
 
Net loss
$
(283,968
)
 
$
(454,124
)
 
 
 
 
Weighted average shares outstanding
4,491,857

 
4,481,198

Stock options
—

 
—

Stock compensation arrangements
—

 
—

Diluted shares outstanding
4,491,857

 
4,481,198

 
 
 
 
Diluted loss per share
$
(.06
)
 
$
(.10
)


For the three months ended December 31, 2011 and 2010, 13,983 and 45,411 shares, respectively, have been omitted from the calculation of diluted EPS as their effect would have been antidilutive.