XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loss per Share
 3 Months Ended
Dec. 31, 2013
Loss per Share [Abstract]  
Earnings Per Share [Text Block]
Loss 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, 2013 and 2012:

 
Three Months Ended
 
December 31,
 
2013
 
2012
Basic EPS Computation
 
 
 
Net loss
$
(1,527,527
)
 
$
(476,857
)
Weighted average shares outstanding
4,503,885

 
4,484,300

Basic loss per share
$
(.34
)
 
$
(.11
)



 
Three Months Ended
 
December 31,
 
2013
 
2012
Diluted EPS Computation
 
 
 
Net loss
$
(1,527,527
)
 
$
(476,857
)
 
 
 
 
Weighted average shares outstanding
4,503,885

 
4,484,300

Stock options
—

 
—

Stock compensation arrangements
—

 
—

Diluted shares outstanding
4,503,885

 
4,484,300

 
 
 
 
Diluted loss per share
$
(.34
)
 
$
(.11
)



For the three months ended December 31, 2013 and 2012, 12,068 and 10,034 shares, respectively, have been omitted from the calculation of diluted EPS as their effect would have been antidilutive.