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I. EARNINGS PER SHARE
9 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
I. EARNINGS PER SHARE

 I.           EARNINGS PER SHARE

 

The Company’s diluted earnings per share (EPS) are as follows for June 30, 2013 and 2012.  For the  nine-months ended June 30, 2013 and 2012, the computation of dilutive net loss per share excluded options and warrants to purchase approximately 3,771,000 and 9,856,000 shares, respectively, of common stock because their inclusion would have an anti-dilutive effect.

 

    Nine Months Ended June 30, 2013  
          Weighted        
    Net Loss     Average Shares     EPS  
                   
Basic loss per share   $ (7,530,621 )     300,383,239     $ (0.03 )
Gain on derivatives     (7,363,854 )                
Dilutive loss per share   $ (14,894,475 )     300,383,239     $ (0.05 )
                         
    Three Months Ended June 30, 2013  
            Weighted          
    Net Loss     Average Shares     EPS  
                         
Basic loss per share   $ (4,507,004 )     309,306,502     $ (0.01 )
Gain on derivatives     (1,079,392 )                
Dilutive loss per share   $ (5,586,396 )     309,306,502     $ (0.02 )

 

 

 

 

    Nine Months Ended June 30, 2012  
          Weighted        
    Net Loss     Average Shares     EPS  
                   
Basic loss per share   $ (15,079,238 )     244,738,972     $ (0.06 )
Gain on derivatives     (142,532 )                
Dilutive loss per share   $ (15,221,770 )     244,738,972     $ (0.06 )

 

    Three Months Ended June 30, 2012  
          Weighted        
    Net Loss     Average Shares     EPS  
                   
Basic loss per share   $ (835,446 )     258,467,582     $ (0.00 )
Gain on derivatives     (3,390,389 )                
Dilutive loss per share   $ (4,225,835 )     258,467,582     $ (0.02 )