INCOME (LOSS) PER SHARE

9 Months Ended

Jun. 30, 2021

INCOME (LOSS) PER SHARE

INCOME (LOSS) PER SHARE

3.           INCOME (LOSS) PER SHARE

The Company computes basic income (loss) per share using the weighted average number of common shares outstanding. The Company computes diluted earnings per share using the if-converted method for preferred shares, if any, and the treasury stock method for stock options, respectively. As of June 30, 2021, the Company only had dilutive potential common shares, which related to shares issuable upon exercise of options. Shares issuable upon exercise of 869 options were not considered in computing diluted income (loss) per share for the three and nine months ended June 30, 2021 because they were anti-dilutive. Shares issuable upon exercise of 751 options and 12 common shares issuable upon conversion of preferred shares were not considered in computing diluted income (loss) per share for the three and nine months ended June 30, 2020 because they were anti-dilutive.

The following table reconciles the computation of basic net loss per share to diluted loss per share:

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Basic net loss per share:
Net loss applicable to common shareholders	$	(2,265)	$	(879)	$	(3,354)	$	(2,893)
Weighted average common shares outstanding		14,656		10,910		12,274		10,807
Basic net loss per share	$	(0.15)	$	(0.08)	$	(0.27)	$	(0.27)