H. EARNINGS PER COMMON SHARE

3 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

H. EARNINGS PER COMMON SHARE

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

	Three Months Ended December 31, 2016
	Net Income			Weighted Average Shares		EPS
Basic earnings per share	$	3,536,802			149,860,777	$	0.02
Gain on derivatives (1)		(1,556,754	)		2,256,934
Dilutive earnings per share	$	1,980,048			152,117,711	$	0.01

(1)Includes certain Series CC, DD, EE and FF warrants.

	Three Months Ended December 31, 2015
	Net Income		Weighted Average Shares		EPS
Basic earnings per share	$	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

The gain on derivatives priced lower than the average market price during the period is excluded from the numerator and the related shares are excluded from the denominator in calculating diluted loss per share.

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:

	2016		2015
Options and Warrants		173,654,474		74,776,529
Unvested Restricted Stock		15,100,000		15,100,000
Total		188,754,474		89,876,529