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I. NET LOSS PER SHARE

3 Months Ended

Dec. 31, 2013

The Company’s basic and diluted loss per share are as follows: For the three months ended December 31, 2013 and 2012, the computation of dilutive net loss per share excluded options and warrants to purchase approximately 865,000 and 578,800 shares of common stock because their inclusion would have an anti-dilutive effect.

	Three Months Ended December 31, 2013
	Net Loss			Weighted Average Shares		LPS

Basic loss per share	$	(5,451,865	)		48,215,919	$	(0.11	)
Gain on derivatives		(1,610,817	)

Dilutive loss per share	$	(7,062,652	)		48,215,919	$	(0.15	)

		Three Months Ended December 31, 2012
		Net Loss			Weighted Average Shares		LPS

Basic loss per share	$	(2,310,246	)		28,311,602	$	(0.08	)
Gain on derivatives		(2,746,198	)

Dilutive loss per share	$	(5,056,444	)		28,311,602	$	(0.18	)

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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