Note 2 - Summary of Significant Accounting Policies: h. Net Income (Loss) per Share (Policies)

9 Months Ended

Jun. 30, 2020

Policies

h. Net Income (Loss) per Share

h.Net Income (Loss) per Share – Basic earnings per share (“EPS”) is computed as net income (loss) available to common shareholders divided by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options, warrants, and other convertible securities.  

The dilutive effect of convertible and outstanding securities as of June 30, 2020 and 2019 is as follows:

	June 30, 2020	June 30, 2019
Stock options	5,400,000	3,280,000
Warrants	45,541,908	45,489,967
Total potential dilution	50,941,908	48,769,967

At June 30, 2020 and 2019, the effect of the Company’s common stock equivalents would have been anti-dilutive. Accordingly, only basic EPS is presented.