Earnings Per Share

9 Months Ended

Jun. 30, 2011

Earnings Per Share

H. EARNINGS PER SHARE

The Company’s diluted earnings per share (EPS) are as follows for June 30, 2011 and 2010. For the nine months ended June 30, 2011, the computation of dilutive net loss per share excluded options and warrants to purchase approximately 33,000,000 shares of common stock because their inclusion would have an anti-dilutive effect.

	Nine Months Ended June 30, 2011
	Net Loss			Weighted average shares		EPS
Basic Earnings per Share	$	(24,463,180	)		206,860,979	$	(0.12	)
Note Conversion		0			0
Convertible note and preferred stock conversion		0			0
Warrants and options convertible into shares of common stock		0			0
Dilutive EPS	$	(24,463,180	)		206,860,979	$	(0.12	)

	Nine Months Ended June 30, 2010
	Net Loss			Weighted average shares		EPS
Basic Earnings per Share	$	16,381,418			201,208,121	$	0.08
Note Conversion		124,206			2,760,142
Warrants and options convertible into shares of common stock		(21,900,777)			24,475,332
Dilutive EPS	$	(5,395,153	)		228,443,595	$	(0.02	)

	Three Months Ended June 30, 2011
	Net Loss			Weighted average shares		EPS
Basic Earnings per Share	$	(3,114,255	)		208,402,408	$	(0.01	)
Note Conversion		41,402			2,760,142
Convertible note and preferred stock conversion		24,836			11,914,925
Warrants and options convertible into shares of common stock		(1,763,311)			18,033,347
Dilutive EPS	$	(4,811,328	)		241,110,822	$	(0.02	)

	Three Months Ended June 30, 2010
	Net Loss			Weighted average shares		EPS
Basic Earnings per Share	$	(601,124	)		204,592,051	$	(0.00	)
Note Conversion		41,402			2,760,142
Warrants and options convertible into shares of common stock		(2,903,058	)		24,475,332
Dilutive EPS	$	(3,462,780	)		231,827,525	$	(0.01	)