Note 8 - Earnings per Share

12 Months Ended

Sep. 30, 2013

Earnings per share: [Abstract]

Earnings Per Share [Text Block]

Note 8 – Earnings per Share

Basic and diluted earnings per share for the years ended September 30, 2013, 2012 and 2011 are:

	2013		2012		2011
Net income attributable to common shareholders	$	1,669,716	$	1,250,492	$	2,536,307
Basic weighted average shares		10,052,359		10,196,241		10,175,213
Effect of dilutive securities:
Stock options	–			1,255		3,550
Diluted weighted average shares		10,052,359		10,197,496		10,178,763
Earnings per common share:
Basic	$	0.17	$	0.12	$	0.25
Diluted	$	0.17	$	0.12	$	0.25

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.

	2013		2012		2011
Stock options excluded		363,000		368,000		118,000
Weighted average exercise price of stock options	$	2.83	$	2.84	$	3.65
Average market price of common stock	$	2.24	$	2.22	$	2.73