Note 10 - Earnings per Share

12 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

Note 10 – Earnings per Share

Basic and diluted earnings per share for the years ended September 30, 2012, 2011 and 2010 are:

	2012		2011		2010
Net income attributable to common shareholders	$	1,250,492	$	2,536,307	$	4,186,449
Basic weighted average shares		10,196,241		10,175,213		10,132,658
Effect of dilutive securities:
Stock options		1,255		3,550		3,952
Diluted weighted average shares		10,197,496		10,178,763		10,136,610
Earnings per common share:
Basic	$	0.12	$	0.25	$	0.41
Diluted	$	0.12	$	0.25	$	0.41

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.

	2012		2011		2010
Stock options excluded		368,000		118,000		118,000
Weighted average exercise price of stock options	$	2.84	$	3.65	$	3.60
Average market price of common stock	$	2.22	$	2.73	$	2.49