For the Three Months Ended

For the Six Months Ended

March 31,

2019

2018

2019

2018

Numerator:

Net income (loss)

$

(1,130,905

)

$

948,467

$

(1,661,432

)

$

995,118

Denominator:

Weighted average shares outstanding - basic

9,532,645

9,291,334

9,530,207

9,023,166

Effects of dilutive securities:

Assumed exercise of stock options, treasury stock method

-

41,133

-

34,976

Assumed vesting of restricted stock, treasury stock method

-

65,587

-

88,076

Weighted average dilutive potential common shares

-

106,720

-

123,052

Weighted average shares outstanding - diluted

9,532,645

9,398,054

9,530,207

9,146,218

Basic (loss) earnings per share

$

(0.12

)

$

0.10

$

(0.17

)

$

0.11

Diluted (loss) earnings per share

$

(0.12

)

$

0.10

$

(0.17

)

$

0.11