Loss Per Share

12 Months Ended

Sep. 30, 2018

Loss per share:

Loss Per Share

NOTE 6. Loss Per Share

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

	2018			2017
Basic EPS Computation
Net loss	$	(5,409,147	)	$	(7,011,580	)
Weighted average shares outstanding		16,700,413			9,348,388
Basic loss per share	$	(.32	)	$	(.75	)
Diluted EPS Computation
Net loss	$	(5,409,147	)	$	(7,011,580	)
Weighted average shares outstanding		16,700,413			9,348,388
Stock options		—			—
Stock compensation arrangements		—			—
Diluted shares outstanding		16,700,413			9,348,388
Diluted loss per share	$	(.32	)	$	(.75	)

For fiscal years 2018 and 2017, all outstanding stock options, warrants and shares issuable under stock compensation arrangements totaling 1,814,003 and 2,043,090 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.