INCOME PER SHARE

3 Months Ended

Dec. 31, 2013

INCOME PER SHARE

INCOME PER SHARE

NOTE 8    INCOME PER SHARE

Basic per share data for each period presented is computed using the weighted-average number of shares of common stock outstanding during each such period.  Diluted per share data is computed using the weighted-average number of common and dilutive common-equivalent shares outstanding during each period. Dilutive common-equivalent shares consist of shares that would be issued upon the exercise of stock options and conversion of 6% Senior Convertible Preferred Stock and warrants computed using the if-converted method. Diluted income per share data for the three-month periods ended December 31, 2013 and 2012, exclude 2,225,265 and 972,000 of outstanding common-equivalent shares as inclusion of such shares would be anti-dilutive.