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Earnings (Loss) Per Share ("EPS") (Tables)
12 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Summary of Computation of Earnings (Loss) Per Share

The following table sets forth the computation of earnings (loss) per share.

 

 

Year Ended September 30,

 

 

2022

 

 

2021

 

 

2020

 

Basic EPS

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Basic net income (loss)

$

20,409,272

 

 

$

(6,217,237

)

 

$

(23,952,037

)

Denominator:

 

 

 

 

 

 

 

 

Common Shares

 

34,184,212

 

 

 

25,742,202

 

 

 

16,856,792

 

Unissued, directors' deferred compensation shares

 

219,286

 

 

 

183,334

 

 

 

154,142

 

Basic weighted average shares outstanding

 

34,403,498

 

 

 

25,925,536

 

 

 

17,010,934

 

Basic EPS

$

0.59

 

 

$

(0.24

)

 

$

(1.41

)

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Basic net income (loss)

$

20,409,272

 

 

$

(6,217,237

)

 

$

(23,952,037

)

Diluted net income (loss)

 

20,409,272

 

 

 

(6,217,237

)

 

 

(23,952,037

)

Denominator:

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

34,403,498

 

 

 

25,925,536

 

 

 

17,010,934

 

Effects of dilutive securities:

 

 

 

 

 

 

 

 

Unvested restricted stock

 

156,812

 

 

 

-

 

 

 

-

 

Diluted weighted average shares outstanding

 

34,560,310

 

 

 

25,925,536

 

 

 

17,010,934

 

Diluted EPS

$

0.59

 

 

$

(0.24

)

 

$

(1.41

)