6. EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 6             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,
	2019			2018
Numerator:
Net loss	$	(81,657	)	$	(530,527	)
Denominator:
Weighted average shares outstanding - basic		9,533,851			9,527,823
Effects of dilutive securities:
Assumed exercise of stock options, treasury stock method		–			–
Assumed vesting of restricted stock, treasury stock method		–			–
Weighted average dilutive potential common shares		–			–
Weighted average shares outstanding - diluted		9,533,851			9,527,823
Basic loss per share	$	(0.01	)	$	(0.06	)
Diluted loss per share	$	(0.01	)	$	(0.06	)

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,
	2019		2018
Options		811,378		545,066
Warrants		151,335		151,335
Total potentially dilutive shares		962,713		696,401