Note 10 - Earnings per Share

12 Months Ended

Sep. 30, 2011

Earnings Per Share [Text Block]

Note 10 – Earnings per Share

Basic and diluted earnings per share for the years ended September 30, 2011, 2010 and 2009 are:

	2011		2010		2009
Net income attributable to common shareholders	$	2,536,307	$	4,186,449	$	3,019,004
Basic weighted average shares		10,175,213		10,132,658		10,162,122
Effect of dilutive securities:
Stock options		3,550		3,952		2,094
Diluted weighted average shares		10,178,763		10,136,610		10,164,216
Earnings per common share:
Basic	$	0.25	$	0.41	$	0.30
Diluted	$	0.25	$	0.41	$	0.30

The table below includes information related to stock options that were outstanding at the end of each respective year but have been excluded from the computation of weighted-average stock options for dilutive securities due to the option exercise price exceeding the average market price per share of our common stock for the fiscal year.

	2011		2010		2009
Stock options excluded		118,000		128,000		140,000
Weighted average exercise price of stock options	$	3.65	$	3.60	$	3.56
Average market price of common stock	$	2.73	$	2.49	$	1.80