H. LOSS PER COMMON SHARE

9 Months Ended

Jun. 30, 2017

Accounting Policies [Abstract]

H. LOSS PER COMMON SHARE

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

	Nine Months Ended June 30, 2017
	Net Loss – Restated		(1)	Weighted Average Shares		LPS
Basic loss per share	$	(9,369,401	)		7,235,140	$	(1.29	)
Gain on derivatives (2)		(413,651	)		57,575
Dilutive loss per share	$	(9,783,052	)		7,292,715	$	(1.34	)

(1)See Note I - Restatement

(2)Includes Series GG, HH, II, JJ and KK warrants.

	Three Months Ended June 30, 2017
	Net Loss – Restated		(1)	Weighted Average Shares		LPS
Basic and dilutive loss per share	$	(4,464,063	)		8,405,790	$	(0.53	)

(1) See Note I - Restatement

	Nine Months Ended June 30, 2016
	Net Loss– Restated		(1)	Weighted Average Shares		LPS
Basic and dilutive loss per share	$	(10,384,402	)		4,696,498	$	(2.21	)

(1) See Note I - Restatement

	Three Months Ended June 30, 2016
	Net Loss – Restated		(1)	Weighted Average Shares		LPS
Basic and dilutive loss per share	$	(3,861,606	)		4,965,300	$	(0.78	)

(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 June 30:

	2017		2016
Options and Warrants		7,951,929		3,442,651
Convertible Debt		893,491		-
Unvested Restricted Stock		604,000		604,000
Total		9,449,420		4,046,651