EARNINGS (LOSS) PER SHARE

3 Months Ended

Dec. 31, 2015

6. EARNINGS (LOSS) PER SHARE

The amounts used to compute the earnings (loss) per share for the three months ended December 31, 2015 and 2014 are summarized below.

	Three Months Ended		Three Months Ended
	December 31,		December 31,
	2015		2014

Income (loss) from continuing operations	$	698,856	$	(172,033	)

Dividends on preferred stock		77,250		77,250

Income (loss) available to common shareholders-continuing operations	$	621,606	$	(249,283	)

Weighted average shares outstanding		14,239,836		14,239,836

Weighted average shares outstanding-diluted		17,673,169		14,239,836

Earnings (loss) per share from continuing operations available to common shareholders	$	0.044	$	(0.018	)

Earnings (loss) per share from continuing operations available to common shareholders-diluted	$	0.035	$	(0.018	)

Income from discontinued operations	$	-	$	36,842

Weighted average shares outstanding		14,239,836		14,239,836

Weighted average shares outstanding-diluted		17,673,169		14,239,836

Earnings per share from discontinued operations	$	-	$	0.003

Earnings per share from discontinued operations-diluted	$	-	$	0.003

Net income (loss)	$	698,856	$	(135,191	)

Dividends on preferred stock		77,250		77,250

Net income (loss) available to common shareholders	$	621,606	$	(212,441	)

Earnings (loss) per share available to common shareholders	$	0.044	$	(0.015	)

Earnings (loss) per share available to common shareholders-diluted	$	0.035	$	(0.015	)