LOSS PER COMMON SHARE

3 Months Ended

Dec. 31, 2020

LOSS PER COMMON SHARE

H. LOSS PER COMMON SHARE

H. LOSS PER COMMON SHARE

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

	Three months ended December 31,
	2020			2019
Loss per share - basic
Net loss available to common shareholders - basic	$	(8,022,643	)	$	(5,531,360	)
Weighted average shares outstanding - basic		38,670,247			35,084,279
Basic loss per common share	$	(0.21	)	$	(0.16	)
Loss per share - diluted
Net loss available to common shareholders - basic	$	(8,022,643	)	$	(5,531,360	)
Gain on derivatives (1)		(164,073	)		(243	)
Net loss available to common shareholders - diluted	$	(8,186,716	)	$	(5,531,603	)
Weighted average shares outstanding - basic		38,670,247			35,084,279
Incremental shares underlying dilutive - warrants and options (1)		97,039			14,329
Weighted average shares outstanding - diluted		38,767,286			35,098,608
Diluted loss earnings per common share	$	(0.21	)	$	(0.16	)

(1) Includes Series CC and HH warrants for the three months ended December 31, 2020 and Series LL warrants for the three months ended December 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 December 31:

	2020		2019
Options and Warrants		6,517,160		7,009,959
Unvested Restricted Stock		302,500		304,500
Total		6,819,660		7,314,459