5. INCOME PER SHARE

3 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

INCOME PER SHARE

     Basic income 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 income 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: (i) shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method; and (ii) shares of nonvested restricted stock. The Company calculated the potential diluted earnings per share in accordance with ASC 260, as follows:

		For the Three Months Ended
		December 31,
		2016		2015
Numerator:
Net income (numerator for basic and diluted earnings per share)	$	151,492	$	244,080
Weighted average shares outstanding (denominator for basic earnings per share)		8,621,513		8,387,501
Effects of dilutive securities:
Assumed exercise of stock options, treasury stock method		23,859		30,271
Assumed vesting of restricted stock, treasury stock method		112,356		203,752
Dilutive potential common shares		136,215		234,023
Denominator for diluted earnings per share - weighted average shares and
assumed potential common shares		8,757,728		8,621,524
Basic earnings per share	$	0.02	$	0.03
Diluted earnings per share	$	0.02	$	0.03

     The following securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive:

	As of December 31,
	2016	2015
Options	178,500	208,500
Warrants	723,846	723,846
Total potentially dilutive shares	902,346	932,346