For the Three Months Ended

For the Nine Months Ended

June 30,

2016

2015

2016

2015

Numerator:

Net income (loss) from continuing operations

$

77,956

$

495,110

$

466,339

$

(1,893,342)

Preferred stock dividends and accretion

-

(475,580)

Net income (loss) from continuing operations applicable to common equity

(numerator for basic and diluted earnings per share)

$

77,956

$

495,110

$

466,339

$

(2,368,922)

Weighted average shares outstanding (denominator for basic earnings per share)

8,586,879

8,364,247

8,492,222

8,329,950

Effects of dilutive securities:

Assumed exercise of stock options, treasury stock method

22,988

-

28,403

-

Assumed vesting of restricted stock, treasury stock method

69,752

9,089

140,917

-

Dilutive potential common shares

92,740

9,089

169,320

-

Denominator for diluted earnings per share - weighted average shares and

assumed potential common shares

8,679,619

8,373,336

8,661,542

8,329,950

Basic earnings (loss) from continuing operations per share

$

0.01

$

0.06

$

0.05

$

(0.28)

Diluted earnings (loss) from continuing operations per share

$

0.01

$

0.06

$

0.05

$

(0.28)