Note 7 - Earnings Per Share

12 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE  7. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted net loss per share: 

	Year Ended
	September 30,
	2020			2019
Net loss attributable to common stockholders	$	(709,343	)	$	(4,903,668	)
Basic weighted average outstanding shares of common stock		23,504,820			22,984,703
Dilutive effects of common share equivalents		-			-
Dilutive weighted average outstanding shares of common stock		23,504,820			22,984,703
Basic and diluted net loss per share of common stock	$	(0.03	)	$	(0.21	)

As of

September 30, 2020,

we have excluded

1,850,000

of stock options and

9,638,650

of warrants and

100,000

shares that would be issued from conversion of outstanding convertible notes from the computation of diluted net loss per share since the effects are anti-dilutive. As of

September 30, 2019,

we have excluded

750,000

of stock options

11,238,650

of warrants and

256,667

shares that would be issued from the conversion of outstanding convertible notes from the computation of diluted net loss per share since the effects are anti-dilutive.