Note 10 - Earnings Per Common Share

12 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10. EARNINGS PER COMMON SHARE 

The following table sets forth the computation of basic and diluted earnings per share.

	2014		2013		2012
Basic Income (Loss) Per Share
Income (Loss) available to common stockholders	$	8,376	$	138,805	$	(783,966	)
Shares denominator		1,638,215		1,610,571		1,372,812
Per share amount	$	.01	$	.09	$	(.57	)
Effect of Dilutive Securities
Average shares outstanding		1,638,215		1,610,571		1,372,812
Options available under convertible note		31,097		23,505		-
		1,669,312		1,634,076		1,372,812
Diluted Income (Loss) Per Share
Income (Loss) available to common stockholders	$	8,376	$	138,805	$	(783,966	)
Per share amount	$	.01	$	.08	$	(.57	)

Options and warrants to purchase 22,000 and 200,000 shares of common stock respectively during fiscal 2014 at prices ranging from $2.50 to $11.00 per share were outstanding but were not included in the computation of diluted earnings per share because the option's and warrant's effect was antidilutive or the exercise price was greater than the average market price of the common share.

In fiscal 2013 options and warrants to purchase 31,000 and 200,000 shares of common stock respectively at prices ranging from $2.50 to $11.00 per share were outstanding but were not included in the computation of diluted earnings per share because the option's and warrant's effect was antidilutive or the exercise price was greater than the average market price of the common share.

In fiscal 2012 options to purchase 42,000 shares of common stock at prices ranging from $2.925 to $11.00 per share were outstanding but were not included in the computation of diluted earnings per share because the option's effect was antidilutive or the exercise price was greater than the average market price of the common share. In addition, conversion rights to purchase 365,119 shares of common stock at a price of $1.85 per share were not included in the computation of diluted earnings per share because the conversion rights of the Convertible Promissory Notes effect was antidilutive.