EARNINGS PER SHARE

9 Months Ended

Jun. 30, 2016

EARNINGS PER SHARE

Note 9 - EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period. 

	2015			2014
Net (Loss)	$	(32,281	)	$	(23,235	)
Weighted-average common shares outstanding basic
Weighted-average common stock equivalents		5,000,929			11,144
Stock options		-			-
Warrants		-			-
Preferred stock		27,100,000			27,100,000
Weighted-average common shares outstanding - basic and diluted		3,303,773			10,000

Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.