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 – Restated		(1)	Weighted Average Shares		EPS
Basic earnings per share	$	3,521,153			5,994,431	$	0.59
Gain on derivatives(2)		(1,556,754	)		90,277
Dilutive earnings per share	$	1,964,399			6,084,708	$	0.32
(1) See Note I - Restatement
(2) Includes certain Series CC, DD, EE and FF warrants

	Three Months Ended December 31, 2015
	Net Income – Restated		(1)	Weighted Average Shares		EPS
Basic earnings per share	$	2,332,734			4,390,740	$	0.53
Conversion of note payable		24,841			74,851
Dilutive earnings per share	$	2,357,575			4,465,591	$	0.53
(1) See Note I - Restatement

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		6,946,179		2,991,061
Unvested Restricted Stock		604,000		604,000
Total		7,550,179		3,595,061