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Loss per Share
 12 Months Ended
Sep. 30, 2015
Loss per Share [Abstract]  
Earnings Per Share [Text Block]
Loss Per Share

The following table provides the components of the basic and diluted loss per share (EPS) computations:

 
 
2015
 
2014
Basic EPS Computation
 


 


Net loss
 
$
(5,218,302
)
 
$
(7,925,412
)
Weighted average shares outstanding
 
9,152,509

 
4,918,720

Basic loss per share
 
$
(.57
)
 
$
(1.61
)
 
 

 

Diluted EPS Computation
 

 

Net loss
 
$
(5,218,302
)
 
$
(7,925,412
)
Weighted average shares outstanding
 
9,152,509

 
4,918,720

Stock options
 
—

 
—

Stock compensation arrangements
 
—

 
—

Diluted shares outstanding
 
9,152,509

 
4,918,720

Diluted loss per share
 
$
(.57
)
 
$
(1.61
)


For fiscal years 2015 and 2014, all outstanding stock options and shares issuable under stock compensation arrangements totaling 657,082 and 1,042,740 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.