3. Loss per Share

9 Months Ended

Jun. 30, 2014

Loss per Share

Loss per Share

The Company applies ASC 260, “ Earnings per Share” to calculate loss per share. In accordance with ASC 260, basic net loss per share has been computed based on the weighted average of common shares outstanding during the periods reported. The effects of the options and notes convertible into shares of common stock are not included in the calculation of loss per share since their inclusion would be anti-dilutive.

Net loss per share is computed as follows: 

	For the Three Months Ended						For the Nine Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net Loss	$	(234,419	)	$	(321,905	)	$	(1,028,194	)	$	(851,932	)
Weighted average shares outstanding		32,683,908			28,659,711			32,617,324			28,902,802
Basic & fully diluted net earnings (loss) per common share	$	(.007	)	$	(.011	)	$	(.032	)	$	(0.029	)