Basic and Diluted Earnings (Loss) per Common Share

9 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 9 — Basic and Diluted Earnings per Common Share

The following is a reconciliation of the numerator and denominator used in the computation of basic and diluted earnings per share for the three and nine months ended June 30, 2011 and 2010 (in thousands, except per share amounts):

	For the three months ended				For the nine months ended
	June 30,				June 30,
	2011		2010		2011		2010
Numerator:
Net income  — basic	$	138	$	3,945	$	331	$	509
Effect of dilutive securities:
Convertible debt		—		31		—		—
Net income  — diluted		138		3,976		331		509
Denominator:
Weighted average shares outstanding — basic		48,018		41,569		47,809		36,438
Effect of dilutive securities:
Stock options and warrants		6,157		7,765		5,942		8,371
Convertible debt		—		5,463		—		—
Weighted average shares outstanding — diluted		54,175		54,797		53,751		44,809
Earnings per share — basic	$	0.00	$	0.09	$	0.01	$	0.01
Earnings per share — diluted	$	0.00	$	0.07	$	0.01	$	0.01

The following table summarizes the number of weighted shares outstanding for each of the periods presented, but not included in the calculation of diluted income per share because the impact would have been anti-dilutive for the three and nine months ended June 30, 2011 and 2010 (in thousands):

	For the three months				For the nine months
	ended June 30,				ended June 30,
	2011		2010		2011		2010
Stock options		640		200		640		200
Warrants		358		358		358		233
Convertible debt		—		—		—		3,333
Totals		998		558		998		3,766