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Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share Reconciliation
A reconciliation of basic and diluted earnings per share is presented below:
 
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
Net Income
$
5,680,316

 
$
4,670,090

 
$
9,687,252

 
$
7,104,252

Weighted average common shares
8,122,157

 
8,032,218

 
8,101,887

 
8,017,820

Effect of dilutive securities:
 
 
 
 
 
 
 
Options to purchase common stock
22,806

 
40,931

 
27,331

 
44,600

Diluted average common shares
8,144,963

 
8,073,149

 
8,129,218

 
8,062,420

Earnings Per Share of Common Stock:
 
 
 
 
 
 
 
Basic
$
0.70

 
$
0.58

 
$
1.20

 
$
0.89

Diluted
$
0.70

 
$
0.58

 
$
1.19

 
$
0.88