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Common Stock
12 Months Ended
Sep. 30, 2013
Common Stock  
Common Stock

Note 6 - Common Stock

 

As of September 30, 2013, the Company had 4,028,951 shares of Common Stock issued and outstanding.

 

Consistent with past practices, the Company intends to treat any future dividend distribution for federal income tax purposes as part of a series of liquidating distributions in complete liquidation of the Company.

 

The Company’s Common Stock share amounts for basic and diluted earnings per share calculations were as follows (in thousands):

 

 

 

Year ended September 30,

 

 

2013

 

2012

Average common shares issued

 

4,200

 

4,200

Average common shares retired

 

(171)

 

(171)

 

 

4,029

 

4,029

Net (loss) to common stockholders

 

$     (1,175)

 

$ (449)

Basic and diluted (loss) per common share

 

$  ( 0.29)

 

$  (0.11)