LOSS PER COMMON SHARE

6 Months Ended

Mar. 31, 2023

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. 

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,
	2023			2022			2023			2022
Loss per share – basic and diluted
Net loss available to common shareholders – basic and diluted	$	(16,367,869	)	$	(18,606,098	)	$	(8,342,809	)	$	(9,823,492	)
Weighted average shares outstanding – basic and diluted		43,513,571			43,100,070			43,588,381			43,122,671
Basic and diluted loss per common share	$	(0.38	)	$	(0.43	)	$	(0.19	)	$	(0.23	)

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 March 31:

	2023		2022
Options and Warrants		13,893,248		12,586,365
Unvested Restricted Stock		149,250		151,250
Total		14,042,498		12,737,615