LOSS PER COMMON SHARE

3 Months Ended

Dec. 31, 2021

LOSS PER COMMON SHARE

H. LOSS PER COMMON SHARE

H.	LOSS PER COMMON SHARE
	Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. For the years presented, the gain on warrant liabilities priced lower than the average market price during the period is excluded from the numerator and the incremental shares, determined using the treasury stock method, are added to the denominator in calculating diluted loss per share.
	The following tables provide the details of the basic and diluted loss per-share computations:

	Three months ended December 31,
	2021			2020
Loss per share – basic
Net loss available to common shareholders - basic	$	(8,782,606	)	$	(8,022,643	)
Weighted average shares outstanding - basic		43,077,961			38,670,247
Basic loss per common share	$	(0.20	)	$	(0.21	)
Loss per share – diluted
Net loss available to common shareholders - basic	$	(8,782,606	)	$	(8,022,643	)
Gain on derivatives (1)		(25,114	)		(164,073	)
Net loss available to common shareholders - diluted	$	(8,807,720	)	$	(8,186,716	)
Weighted average shares outstanding - basic		43,077,961			38,670,247
Incremental shares underlying dilutive - warrants and options (1)		5,459			97,039
Weighted average shares outstanding – diluted		43,083,420			38,767,286
Diluted loss earnings per common share	$	(0.20	)	$	(0.21	)

(1) Includes Series CC and HH warrants for the three months ended December 31, 2021 and 2020.

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:

	2021		2020
Options and Warrants		10,477,966		6,517,160
Unvested Restricted Stock		151,250		302,500
Total		10,629,216		6,819,660