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Basic And Diluted Earnings (Loss) Per Common Share ("EPS") (Tables)
9 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Summary of Reconciliation of Components of Basic and Diluted EPS

The following table presents a reconciliation of the components of basic and diluted EPS.

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss)

$

8,589,010

 

 

$

(1,356,594

)

 

$

11,250,804

 

 

$

(2,453,037

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Shares

 

34,438,807

 

 

 

28,117,199

 

 

 

33,792,632

 

 

 

24,308,185

 

Unissued, directors' deferred compensation shares

 

213,348

 

 

 

192,059

 

 

 

216,473

 

 

 

174,454

 

Basic weighted average shares outstanding

 

34,652,155

 

 

 

28,309,258

 

 

 

34,009,105

 

 

 

24,482,639

 

Basic EPS

$

0.25

 

 

$

(0.05

)

 

$

0.33

 

 

$

(0.10

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss)

$

8,589,010

 

 

$

(1,356,594

)

 

$

11,250,804

 

 

$

(2,453,037

)

Diluted net income (loss)

 

8,589,010

 

 

 

(1,356,594

)

 

 

11,250,804

 

 

 

(2,453,037

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

34,652,155

 

 

 

28,309,258

 

 

 

34,009,105

 

 

 

24,482,639

 

Effects of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested restricted stock

 

199,059

 

 

 

-

 

 

 

-

 

 

 

-

 

Diluted weighted average shares outstanding

 

34,851,214

 

 

 

28,309,258

 

 

 

34,009,105

 

 

 

24,482,639

 

Diluted EPS

$

0.25

 

 

$

(0.05

)

 

$

0.33

 

 

$

(0.10

)