Earnings (Loss) per Share Data

3 Months Ended

Dec. 31, 2022

Note 5 – Earnings (Loss) per Share Data

The following table sets forth the computation of basic and diluted income (loss) per share for the quarters ended December 31, 2022 and 2021:


	Quarter Ended December 31,
	2022		2021
Net Income (loss)	$	3,476,000	$	(274,000	)

Common Shares:
Weighted average common shares outstanding		14,657,000		14,617,000
Effect of dilutive stock options (none)		—		—

Diluted shares outstanding		14,657,000		14,617,000

Basic:
Net income (loss) per share	$	0.24	$	(0.02	)

Diluted:
Net income (loss) per share	$	0.24	$	(0.02	)

The Company’s 2009 Incentive Compensation Plan expired on October 1, 2021 and as of November 1, 2021 there were no outstanding stock options under the 2009 Plan. There were

other existing equity compensation plans and arrangements previously approved by security holders as of December 31, 2022 and 2021.