EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2012

Notes to Financial Statements

EARNINGS PER SHARE

H. EARNINGS PER SHARE

The Company’s diluted earnings per share (EPS) are as follows for March 31, 2012 and 2011.  For the six-month periods ended March 31, 2012 and 2011, the computation of dilutive net loss per share excluded options and warrants to purchase approximately 8,788,000 and 22,200,000 shares of common stock because their inclusion would have an anti-dilutive effect.

Six months Ended March 31, 2012

				Weighted average
	Net Loss			Shares		EPS
Basic and dilutive loss per share	$	(14,243,792	)		237,912,177	$	(0.06	)

Three months Ended March 31, 2012

				Weighted average
	Net Loss			Shares		EPS
Basic and dilutive per share	$	(10,086,959	)		247,369,587	$	(0.04	)

Six months Ended March 31, 2011

	Net Loss			Weighted average Shares		EPS
Basic and dilutive loss per share	$	(21,348,925	)		206,090,265	$	$(0.10	)

Three months Ended March 31, 2011

	Net Loss			Weighted average Shares		EPS
Basic loss per Share	$	(15,097,973	)		207,089,841	$	(0.07	)
Less: conversion of derivative instruments		(2,848,080	)		-
Dilutive EPS	$	(17,946,053	)		207,089,841	$	(0.09	)