4. EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings 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 earnings 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,
	2017		2016
Numerator:
Net income	$	46,651	$	151,492
Denominator:
Weighted average shares outstanding - basic		8,760,830		8,621,513
Effects of dilutive securities:
Assumed exercise of stock options, treasury stock method		26,404		23,859
Assumed vesting of restricted stock, treasury stock method		108,222		112,356
Weighted average dilutive potential common shares		134,626		136,215
Weighted average shares outstanding - diluted		8,895,456		8,757,728
Basic earnings per share	$	0.01	$	0.02
Diluted earnings per share	$	0.01	$	0.02

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,
	2017		2016
Options		168,500		178,500
Warrants		723,846		723,846
Total potentially dilutive shares		892,346		902,346