Note 9 - Per Share Data

9 Months Ended

Jun. 30, 2016

NOTE 9.

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,
	2016		2015		2016		2015
Basic weighted-average shares		12,440,035		12,446,365		12,442,059		12,446,365
Effect of dilutive securities:
Options		—		8,284		—		18,912
Warrants		—		36,521		—		30,198
Diluted weighted-average shares		12,440,035		12,491,170		12,442,059		12,495,475

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,
	2016		2015		2016		2015
Options		1,224,500		1,328,000		1,311,167		1,328,000
Warrants		43,116		64,676		43,116		64,676
		1,267,616		1,392,676		1,354,283		1,392,676