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I. LOSS PER COMMON SHARE
6 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
I. LOSS PER COMMON SHARE

The following tables provide the details of the basic and diluted loss per-share (LPS) computations:

 

    Six Months Ended March 31,  
    2016     2015  
             
Net Loss   $ (6,503,042 )   $ (20,401,554 )
Weighted Average Shares     114,070,776       74,540,112  
Basic and Diluted LPS   $ (0.06 )   $ (0.27 )

 

    Three Months Ended March 31,  
    2016     2015  
             
Net Loss   $ (8,844,855 )   $ (12,556,236 )
Weighted Average Shares     118,420,327       75,847,869  
Basic and Diluted LPS   $ (0.07 )   $ (0.17 )

 

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 March 31:

 

    2016     2015  
             
Options and Warrants     78,710,846       38,777,508  
Convertible Debt     -       276,014  
Unvested Restricted Stock     15,100,000       15,600,000  
Total     93,810,846       54,653,522