XML 28 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
H. LOSS PER COMMON SHARE (Tables)
6 Months Ended
Mar. 31, 2017
H. Loss Per Common Share Tables  
Computation of dilutive net loss per share

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

 

   Six Months Ended March 31, 2017
   Net Loss  Weighted Average Shares  LPS
          
Basic loss per share  $(4,872,687)   166,245,352   $(0.03)
Gain on derivatives (1)   (330,124)   819,443      
                
Dilutive earnings per share  $(5,202,811)   167,064,794   $(0.03)

 

(1)Includes Series FF, GG, HH, II and JJ warrants.

   

   Three Months Ended March 31, 2017
    Net Loss    Weighted Average Shares    LPS 
                
Basic and dilutive loss per share  $(8,409,489)   182,994,027   $(0.05)

 

   Six Months Ended March 31, 2016
    Net Loss    Weighted Average Shares    LPS 
                
Basic and dilutive loss per share  $(6,503,042)   114,070,776   $(0.06)

 

   Three Months Ended March 31, 2016
    Net Loss    Weighted Average Shares    LPS 
                
Basic and dilutive loss per share  $(8,844,855)   118,420,327   $(0.07)

 

Antidilutive securities

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:

 

   2017  2016
       
Options and Warrants   200,944,966    78,710,846 
Unvested Restricted Stock   15,100,000    15,100,000 
Total   216,044,966    93,810,846