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PER SHARE DATA
9 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
PER SHARE DATA
PER SHARE DATA
 
Basic net income (loss) per share of common stock attributable to the Company is computed on the basis of the weighted average number of shares of common stock outstanding. Diluted net income (loss) per share is computed on the basis of such weighted average number of shares of common stock outstanding plus the dilutive effect of incremental shares of common stock potentially issuable under outstanding options, warrants and unvested restricted stock units utilizing the treasury stock method. A reconciliation of basic and diluted common shares used in the computation of per share data follows: 

 
Three Month Period Ended June 30,
 
Nine Month Period Ended June 30,
 
2019
 
2018
 
2019
 
2018
Basic weighted-average shares
12,931,660

 
12,490,539

 
12,751,712

 
12,461,776

Effect of dilutive securities:
 
 
 
 
 
 
 
Warrants

 
1,136,017

 

 

Unvested restricted stock units
319,719

 
272,818

 

 

Diluted weighted-average shares
13,251,379

 
13,899,374

 
12,751,712

 
12,461,776



The following potential common share equivalents are not included in the above diluted computation because to do so would be anti-dilutive:  
 
Three Month Period Ended June 30,
 
Nine Month Period Ended June 30,
 
2019
 
2018
 
2019
 
2018
Options
610,200

 
612,000

 
610,200

 
616,000

Warrants
5,398,907

 

 
5,398,907

 
12,437,420

Unvested restricted stock units
383,470

 

 
3,374,079

 
213,879

 
6,392,577

 
612,000

 
9,383,186

 
13,267,299