Net Income (Loss) Per Common Share

9 Months Ended

Jun. 30, 2011

Net Income (Loss) Per Common Share [Abstract]

NET INCOME (LOSS) PER COMMON SHARE

8. NET INCOME (LOSS) PER COMMON SHARE

     Basic income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares and common share equivalents outstanding during the period.

     The following table sets forth the computation of basic and diluted income (loss) per common share.

	Three Months Ended					Nine Months Ended
	June 30,					June 30,
	2011		2010			2011			2010
NUMERATOR:
Net income (loss) and numerator for basic and diluted net income (loss) per common share-income available to common shareholders	$	334,000	$	(1,019,000	)	$	(6,190,000	)	$	(7,941,000	)
DENOMINATOR:
Denominator for basic net income (loss) per common share-weighted average common shares		7,812,519		7,779,256			7,801,396			7,776,740
Effect of dilutive securities-employee stock options and restricted stock grants		112,662		—			—			—
Denominator for diluted net income (loss) per common share-adjusted weighted average common shares and assumed conversions		7,925,181		7,779,256			7,801,396			7,776,740
Basic income (loss) per common share	$	0.04	$	(0.13	)	$	(0.79	)	$	(1.02	)
Diluted income (loss) per common share	$	0.04	$	(0.13	)	$	(0.79	)	$	(1.02	)

     The Company had a net loss in the nine months ended June 30, 2011 and in the three months and the nine months ended June 30, 2010. Therefore, the denominator for diluted loss per common share is the same as the denominator for basic loss per common share for those periods.

     The following weighted average numbers of certain securities have been excluded from the calculation of diluted net loss per common share, as their effects would be anti-dilutive.

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
Stock options		—		151,720		142,234		151,907
Restricted stock		—		38,500		113,930		39,115