LOSS PER COMMON SHARE

3 Months Ended

Dec. 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 periods presented, the gain on warrant liabilities 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,
	2022			2021
Loss per share – basic
Net loss available to common shareholders - basic	$	(8,025,061	)	$	(8,782,606	)
Weighted average shares outstanding - basic		43,440,387			43,077,961
Basic loss per common share	$	(0.18	)	$	(0.20	)
Loss per share – diluted
Net loss available to common shareholders - basic	$	(8,025,061	)	$	(8,782,606	)
Gain on derivatives (1)		-			(25,114	)
Net loss available to common shareholders - diluted	$	(8,025,061	)	$	(8,807,720	)
Weighted average shares outstanding - basic		43,440,387			43,077,961
Incremental shares underlying dilutive - warrants and options (1)		-			5,459
Weighted average shares outstanding – diluted		43,440,387			43,083,420
Diluted loss earnings per common share	$	(0.18	)	$	(0.20	)

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

In accordance with the contingently issuable shares guidance of 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:

	2022		2021
Options and Warrants		13,917,352		10,477,966
Unvested Restricted Stock		149,250		151,250
Total		14,066,602		10,629,216