XML 25 R15.htm IDEA: XBRL DOCUMENT v3.3.1.900
Net Income (Loss) Per Share
3 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

Note 10 - Net Income (Loss) Per Share

 

The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is anti-dilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal.The following is a reconciliation of the computation for basic and diluted EPS for the years ended December 31, 2015 and 2014:

 

    2015     2014  
Net  Income (loss)   $ 9,827     $ (1,030 )
                 
Weighted-average common shares outstanding                
                 
Weighted-average common stock     61,817,811       54,593,032  
                 
Weighted-average common shares outstanding- basic and diluted     61,817,811       54,593,032