Quarterly Financial Data (Unaudited)

12 Months Ended

Sep. 30, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

QUARTERLY FINANCIAL DATA (UNAUDITED)

	Quarters
	1st			2nd			3rd			4th
2018:
Revenues	$	50,080,000		$	60,346,000		$	56,237,000		$	44,452,000
Operating expenses	50,256,000			55,653,000			54,678,000			47,809,000
Income (loss) before item shown below	(176,000		)	4,693,000			1,559,000			(3,357,000		)
Other income (expense) (1)	(5,591,000		)	(5,367,000		)	(146,000		)	63,000
Income (loss) before income taxes	$	(5,767,000	)	$	(674,000	)	$	1,413,000		$	(3,294,000	)
Net income (loss)	$	(8,040,000	)	$	(2,252,000	)	$	812,000		$	(2,030,000	)
Net income (loss) per share - Basic	$	(0.65	)	$	(0.18	)	$	0.07		$	(0.16	)
Net income (loss) per share - Diluted	$	(0.65	)	$	(0.18	)	$	0.06		$	(0.16	)
Weighted average number of shares outstanding - Basic	12,437,916			12,457,043			12,490,539			12,513,364
Weighted average number of shares outstanding - Diluted	12,437,916			12,457,043			13,899,374			12,513,364
	Quarters
	1st			2nd			3rd			4th
2017:
Revenues	$	44,569,000		$	51,884,000		$	48,047,000		$	45,370,000
Operating expenses	42,923,000			48,182,000			47,472,000			43,325,000
Income before item shown below	1,646,000			3,702,000			575,000			2,045,000
Other income (expense) (2)	4,092,000			1,908,000			(637,000		)	3,248,000
Income (loss) before income taxes	$	5,738,000		$	5,610,000		$	(62,000	)	$	5,293,000
Net income (loss)	$	5,059,000		$	3,874,000		$	(24,000	)	$	3,619,000
Net income (loss) per share - Basic	$	0.41		$	0.31		$	(0.00	)	$	0.29
Net income (loss) per share - Diluted	$	0.41		$	0.31		$	(0.00	)	$	0.29
Weighted average number of shares outstanding - Basic	12,437,916			12,437,916			12,437,916			12,437,916
Weighted average number of shares outstanding - Diluted	12,438,474			12,461,882			12,437,916			12,510,661

(1) Includes loss of $(5,597,000) due to changes in the fair value of warrant liability in both the first and second quarter.

(2) Includes gain (loss) of $4,092,000, $1,773,000, $(642,000) and $3,235,000 due to changes in the fair value of warrant liability in the first, second, third and fourth quarters, respectively.