EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

8. EARNINGS PER SHARE

The amounts used to compute the earnings per share for the three months ended December 31, 2018 and 2017 are summarized below.

	Three Months Ended		Three Months Ended
	December 31,		December 31,
	2018		2017
Net income	$	631,384	$	148,500
Dividends on preferred stock		77,250		77,250
Income available to common shareholders	$	554,134	$	71,250
Weighted average shares outstanding		14,135,900		14,239,836
Weighted average shares outstanding-diluted		17,569,233		17,673,169
Earnings per share available to common shareholders	$	0.039	$	0.005
Earnings per share available to common shareholders-diluted	$	0.032	$	0.004