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 and six month periods ended March 31, 2012 and 2011:



	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2012			2011			2012			2011
Basic EPS Computation
Net loss	$	(278,503	)	$	(713,152	)	$	(562,471	)	$	(1,167,276	)
Weighted average shares outstanding	4,475,603			4,480,836			4,483,776			4,481,018
Basic loss per share	$	(.06	)	$	(.16	)	$	(.13	)	$	(.26	)



	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2012			2011			2012			2011
Diluted EPS Computation
Net loss	$	(278,503	)	$	(713,152	)	$	(562,471	)	$	(1,167,276	)

Weighted average shares outstanding	4,475,603			4,480,836			4,483,776			4,481,018
Stock options	—			—			—			—
Stock compensation arrangements	—			—			—			—
Diluted shares outstanding	4,475,603			4,480,836			4,483,776			4,481,018

Diluted loss per share	$	(.06	)	$	(.16	)	$	(.13	)	$	(.26	)

For the three months ended March 31, 2012 and 2011, 10,238 and 58,794 shares, respectively, have been omitted from the calculation of diluted EPS as their effect would have been antidilutive. For the six months ended March 31, 2012 and 2011, 12,111 and 52,103 shares, respectively, have been omitted from the calculation of diluted EPS as their effect would have been antidilutive.