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Loss per Share
 6 Months Ended
Mar. 31, 2014
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 and six month periods ended March 31, 2014 and 2013:

 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
Basic EPS Computation
 
 
 
 
 
 
 
Net loss
$
(1,945,388
)
 
$
(1,397,047
)
 
$
(3,472,915
)
 
$
(1,873,904
)
Weighted average shares outstanding
4,503,885

 
4,494,735

 
4,503,885

 
4,489,460

Basic loss per share
$
(.43
)
 
$
(.31
)
 
$
(.77
)
 
$
(.42
)



 
Three Months Ended
 
Six Months Ended
 
March 31,
 
March 31,
 
2014
 
2013
 
2014
 
2013
Diluted EPS Computation
 
 
 
 
 
 
 
Net loss
$
(1,945,388
)
 
$
(1,397,047
)
 
$
(3,472,915
)
 
$
(1,873,904
)
 
 
 
 
 
 
 
 
Weighted average shares outstanding
4,503,885

 
4,494,735

 
4,503,885

 
4,489,460

Stock options
—

 
—

 
—

 
—

Stock compensation arrangements
—

 
—

 
—

 
—

Diluted shares outstanding
4,503,885

 
4,494,735

 
4,503,885

 
4,489,460

 
 
 
 
 
 
 
 
Diluted loss per share
$
(.43
)
 
$
(.31
)
 
$
(.77
)
 
$
(.42
)



For the three months ended March 31, 2014 and 2013, all outstanding stock options and shares issuable under stock compensation arrangements totaling 425,320 and 462,820 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, 2014 and 2013, all outstanding stock options and shares issuable under stock compensation arrangements totaling 435,570 and 464,320 shares, respectively, have been omitted from the calculation of diluted EPS as their effect would have been antidilutive. The actual effect of these stock options and shares, if any, on the diluted earnings per share calculation will vary significantly depending on fluctuations in the market price of the Company's stock.