H. LOSS PER COMMON SHARE

6 Months Ended

Mar. 31, 2020

Net loss per common share

H. LOSS PER COMMON SHARE

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

	Six months ended March 31,						Three months ended March 31,
	2020			2019			2020			2019
Loss per share - basic
Net loss available to common shareholders - basic	$	(14,620,912	)	$	(5,201,779	)	$	(9,089,522	)	$	(6,447,681	)
Weighted average shares outstanding - basic		35,621,711			28,543,417			36,165,050			29,113,910
Basic loss per common share	$	(0.41	)	$	(0.18	)	$	(0.25	)	$	(0.22	)
Loss per share - diluted
Net loss available to common shareholders - basic	$	(14,620,912	)	$	(5,201,779	)	$	(9,089,522	)	$	(6,447,681	)
Gain on derivatives (1)		-			(335,560	)		-			-
Net loss available to common shareholders - diluted	$	(14,620,912	)	$	(5,537,339	)	$	(9,089,522	)	$	(6,447,681	)
Weighted average shares outstanding - basic		35,621,711			28,543,417			36,165,050			29,113,910
Incremental shares underlying dilutive "in the money" warrants (1)		-			5,401			-			-
Weighted average shares outstanding - diluted		35,621,711			28,548,818			36,165,050			29,113,910
Diluted loss per common share	$	(0.41	)	$	(0.19	)	$	(0.25	)	$	(0.22	)

(1) Includes shares issuable upon the exercise of the Series GG, II and KK warrants for the six months ended March 31, 2019.

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 March 31:

	2020		2019
Options and Warrants		6,452,645		10,576,881
Unvested Restricted Stock		318,798		308,500
Total		6,771,443		10,885,381