Note

– Earnings per Share

Basic and diluted earnings per share for the years ended

September 30, 2019,

2018

and

2017

are:

	2019			2018			2017
Loss from continuing operations	$	(4,035,099	)	$	(5,783,697	)	$	(2,455,745	)
Discontinued operations, net of tax		(1,267,344	)		(1,536,159	)		2,357,629
Net loss attributable to common shareholders	$	(5,302,443	)	$	(7,319,856	)	$	(98,116	)

Basic weighted average shares		10,361,292			10,272,749			10,201,825
Effect of dilutive securities:
Stock options		‒			–			‒
Diluted weighted average shares		10,361,292			10,272,749			10,201,825

Income (loss) per common share:
Basic
Continuing operations	$	(0.39	)	$	(0.56	)	$	(0.24	)
Discontinued operations		(0.12	)		(0.15	)		0.23
Net loss	$	(0.51	)	$	(0.71	)	$	(0.01	)
Diluted
Continuing operations	$	(0.39	)	$	(0.56	)	$	(0.24	)
Discontinued operations		(0.12	)		(0.15	)		0.23
Net loss	$	(0.51	)	$	(0.71	)	$	(0.01	)

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 the Company’s common stock for the fiscal year, as their effect would be anti-dilutive.

	2019		2018		2017
Stock options excluded		770,000		290,000		700,000
Weighted average exercise price of stock options	$	1.73	$	2.40	$	2.54
Average market price of common stock	$	1.49	$	1.39	$	1.70