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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
3.
NET INCOME (LOSS) PER SHARE
 
We compute basic net income (loss) per share using the weighted average number of common shares outstanding. The Company has two categories of dilutive potential common shares: Series A preferred shares issued in May 2011 in connection with our registered direct offering and shares issuable upon exercise of options. We compute diluted earnings
(loss) 
per share using the if-converted method for preferred stock and the treasury stock method for stock options, respectively.
 
The following table reconciles our computation of basic net income
(loss) 
per share to diluted net income
(loss) 
per share:
 
 
 
Three Months Ended

‎
June 30,
 
 
Nine Months Ended

‎
June 30,
 
 
 
2018
 
 
2017
 
 
2018
 
 
2017
 
Basic net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) applicable to common shareholders
 
$
(75
)
 
$
221
 
 
$
6
 
 
$
655
 
Weighted average common shares outstanding
 
 
8,273
 
 
 
8,216
 
 
 
8,274
 
 
 
8,157
 
Basic net income (loss) per share
 
$
(0.01
)
 
$
0.03
 
 
$
0.00
 
 
$
0.08
 
Diluted net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted net income (loss) applicable to common shareholders
 
$
(75
)
 
$
221
 
 
$
6
 
 
$
655
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
8,273
 
 
 
8,216
 
 
 
8,274
 
 
 
8,157
 
Plus: Incremental shares from assumed conversions:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Series A preferred shares
 
 
—
 
 
 
518
 
 
 
351
 
 
 
555
 
Dilutive stock options/shares
 
 
—
 
 
 
14
 
 
 
27
 
 
 
8
 
Diluted weighted average common shares outstanding
 
 
8,273
 
 
 
8,748
 
 
 
8,652
 
 
 
8,720
 
Diluted net income (loss) per share
 
$
(0.01
)
 
$
0.03
 
 
$
0.00
 
 
$
0.08