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H. LOSS PER COMMON SHARE (Tables)
3 Months Ended
Dec. 31, 2016
H. Loss Per Common Share Tables  
Computation of dilutive net loss per 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