LOSS PER COMMON SHARE

9 Months Ended

Jun. 30, 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:

	Nine months ended June 30,						Three months ended June 30,
	2023			2022			2023			2022
Loss per share – basic and diluted
Net loss available to common shareholders – basic and diluted	$	(24,735,151	)	$	(28,533,091	)	$	(8,367,281	)	$	(9,926,993	)
Weighted average shares outstanding – basic and diluted		43,761,395			43,124,972			44,254,363			43,174,775
Basic and diluted loss per common share	$	(0.57	)	$	(0.66	)	$	(0.19	)	$	(0.23	)

In accordance with the contingently issuable shares guidance of ASC 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 June 30:

	2023		2022
Options and Warrants		13,824,365		14,295,501
Unvested Restricted Stock		147,250		151,250
Total		13,971,615		14,446,751