11. EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Sep. 30, 2019

Earnings (loss) per share:

Schedule of income (loss) per share

The Company calculated the potential diluted earnings per share in accordance with ASC 260, as follows:

	For the Fiscal Years Ended
	September 30,
	2019			2018
Numerator:
Net income (loss) (numerator for basic and diluted earnings (loss) per share)	$	(3,604,030	)	$	1,379,320
Weighted average shares outstanding (denominator for basic earnings (loss) per share)		9,532,034			9,264,670
Effects of dilutive securities:
Assumed exercise of stock options, treasury stock method		–			36,621
Assumed vesting of restricted stock, treasury stock method		–			53,378
Dilutive potential common shares		–			89,999
Denominator for diluted earnings (loss) per share - weighted average shares and assumed potential common shares		9,532,034			9,354,669
Basic earnings (loss) per share	$	(0.38	)	$	0.15
Diluted earnings (loss) per share	$	(0.38	)	$	0.15

Schedule of antidilutive securities excluded

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

	As of September 30,
	2019		2018
Options		812,879		469,566
Warrants		151,335		151,335
Total potentially dilutive shares		964,214		620,901