1. Organization and Summary of Significant Accounting Policies: Income (Loss) Per Common Share (Policies) |
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Income (Loss) Per Common Share | Income (Loss) Per Common Share
Basic income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed based on the weighted average number of common shares and potentially dilutive common shares outstanding. The calculation of diluted net income (loss) per share excludes potential common shares if their effect would be anti-dilutive. Potential common shares consist of incremental common shares issuable upon the exercise of warrants and shares issuable upon the conversion of preferred stock.
The following table details the calculation of the weighted average number of common shares and dilutive common shares used in diluted income (loss) per share as of September 30:
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