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Note 10 - Per Share Data
9 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

NOTE 10. PER SHARE DATA


Net Income per Common Share


Basic net income per share is computed on the basis of the weighted average number of shares of common stock outstanding. Diluted net income per share is computed on the basis of the 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, and, for 2013, the dilutive effect of convertible preferred securities utilizing the if-converted method.


   

Three Month Period Ended

   

Nine Month Period Ended

 
   

June 30,

   

June 30,

 
   

2014

   

2013

   

2014

   

2013

 

Numerator:

                               

Net income attributable to common stockholders

  $ 1,382,000     $ 805,000     $ 5,306,000     $ 1,258,000  
                                 

Denominator:

                               

Denominator for basic earnings per share--weighted average shares

    123,246,888       89,016,988       122,084,494       62,580,749  

Effect of dilutive securities:

                               

Options

    600,000       -       282,000       -  

Warrants

    50,760       -       -       -  

Preferred Series C & D

    -       -       -       4,015,942  

Restricted stock units - unvested

    1,243,632       -       1,243,632       -  

Denominator for diluted earnings per share--adjusted weighted-average shares

    125,141,280       89,016,988       123,610,126       66,596,691  
                                 

Income per share:

                               

Net income available to common stockholders

                               

Basic

  $ 0.01     $ 0.01     $ 0.04     $ 0.02  

Diluted

  $ 0.01     $ 0.01     $ 0.04     $ 0.02  

The weighted-average anti-dilutive common share equivalents not included in the above diluted computation are as follows: 


   

Three Month Period Ended June 30,

   

Nine Month Period Ended June 30,

 
   

2014

   

2013

   

2014

   

2013

 
                                 

Options

    11,700,000       1,000,000       12,018,000       1,000,000  

Warrants

    845,995       1,146,755       912,367       1,146,755  
      12,545,995       2,146,755       12,930,367       2,146,755  

The anti-dilutive common shares outstanding at June 30, 2014 and 2013 are as follows:


   

June 30,

 
   

2014

   

2013

 
                 

Options

    12,300,000       1,000,000  

Warrants

    896,755       1,146,755  
      13,196,755       2,146,755