LOSS PER COMMON SHARE

6 Months Ended

Mar. 31, 2022

LOSS PER COMMON SHARE

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:

	Six months ended March 31,						Three months ended March 31,
	2022			2021			2022			2021
Loss per share – basic and diluted
Net loss available to common shareholders - basic	$	(18,606,098	)	$	(19,303,763	)	$	(9,823,492	)	$	(11,281,120	)
Weighted average shares outstanding - basic		43,100,070			39,351,194			43,122,671			40,047,273
Basic and diluted loss per common share	$	(0.43	)	$	(0.49	)	$	(0.23	)	$	(0.28	)

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:

	2022		2021
Options and Warrants		12,586,365		5,945,064
Unvested Restricted Stock		151,250		302,500
Total		12,737,615		6,247,564