I. EARNINGS (LOSS) PER COMMON SHARE

3 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

I. EARNINGS (LOSS) PER COMMON SHARE

The following table provides the details of the basic and diluted earnings (loss) per-share computations:

	Three Months Ended December 31, 2015
	Net Income		Weighted Average Shares		EPS
Basic EPS	$	2,341,813		109,768,502	$	0.02
Conversion of note payable		24,841		1,871,283
Dilutive earnings per share	$	2,366,654		111,639,785	$	0.02

	Three Months Ended December 31, 2014
	Net Loss			Weighted Average Shares		LPS
Basic loss per share	$	(7,845,318	)		73,260,783	$	(0.11	)
Gain on derivatives		(2,162,970	)
Dilutive loss per share	$	(10,008,288	)		73,260,783	$	(0.14	)

For the three months ended December 31, 2015, the gain on derivatives is not excluded from the numerator in calculating diluted loss per share because the gain relates to derivative warrants that were priced higher than the average market price during the period.

In accordance with the contingently issuable shares guidance of FASB ASC Topic 260, Earnings Per Share, the calculation of diluted net earnings (loss) per share excludes the following securities because their inclusion would have been anti-dilutive as of December 31:

	2015		2014
Options and Warrants		74,776,529		39,175,553
Convertible Debt		-		276,014
Unvested Restricted Stock		15,100,000		15,700,000
Total		89,876,529		55,151,567