5. INCOME PER SHARE

9 Months Ended

Jun. 30, 2017

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				For the Nine Months Ended
		June 30,				June 30,
		2017		2016		2017		2016
Numerator:
Net income (numerator for basic and diluted earnings per share)	$	551,925	$	77,956	$	465,887	$	466,339
Weighted average shares outstanding (denominator for basic earnings per share)		8,855,885		8,586,879		8,716,030		8,492,222
Effects of dilutive securities:
Assumed exercise of stock options, treasury stock method		20,165		22,988		21,404		28,403
Assumed vesting of restricted stock, treasury stock method		30,796		69,752		78,998		140,917
Dilutive potential common shares		50,961		92,740		100,402		169,320
Denominator for diluted earnings per share - weighted average shares and
assumed potential common shares		8,906,846		8,679,619		8,816,432		8,661,542
Basic earnings per share	$	0.06	$	0.01	$	0.05	$	0.05
Diluted earnings per share	$	0.06	$	0.01	$	0.05	$	0.05

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

	As of June 30,
	2017	2016
Options	198,500	188,500
Warrants	723,846	723,846
Total potentially dilutive shares	922,346	912,346