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EARNINGS PER SHARE - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
EARNINGS PER SHARE    

 

NOTE 7 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 shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method. A reconciliation of basic and diluted earnings per share is as follows:

                
   For the Three Months Ended March 31,   For the Six Months Ended March 31, 
   2022   2021   2022   2021 
Numerator:                
Net (loss)/income  $(356,000)  $(835,000)  $(176,000)  $364,000 
Denominator:                    
Weighted average common shares outstanding   10,061,000    9,909,000    10,061,000    9,897,000 
Dilutive common share equivalents   –    –    –    482,000 
Weighted average diluted shares outstanding   10,061,000    9,909,000    10,061,000    10,379,000 
                     
(Loss)/earnings per share:                    
Basic  $(0.04)  $(0.08)  $(0.02)  $0.04 
Diluted  $(0.04)  $(0.08)  $(0.02)  $0.04 

 

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

                    
   For the Three Months Ended March 31,   For the Six Months Ended March 31, 
   2022   2021   2022   2021 
Options   1,110,000    1,049,000    1,110,000    10,000 
Warrants   151,000    151,000    151,000    – 
Total potentially dilutive shares   1,261,000    1,200,000    1,261,000    10,000 
  
Numerator:        
Net (loss)/income $ (356,000) $ (835,000) $ (176,000) $ 364,000
Denominator:        
Weighted average common shares outstanding 10,061,000 9,909,000 10,061,000 9,897,000
Dilutive common share equivalents 0 0 0 482,000
Weighted average diluted shares outstanding 10,061,000 9,909,000 10,061,000 10,379,000
(Loss)/earnings per share:        
Basic $ (0.04) $ (0.08) $ (0.02) $ 0.04
Diluted $ (0.04) $ (0.08) $ (0.02) $ 0.04
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1,261,000 1,200,000 1,261,000 10,000
Sales and marketing expense $ 13,000 $ 14,000 $ 27,000 $ 28,000
General and administrative expense 141,000 138,000 283,000 276,000
Total $ 154,000 $ 152,000 $ 310,000 $ 304,000
Stock Options [Member]        
(Loss)/earnings per share:        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1,110,000 1,049,000 1,110,000 10,000
Warrant [Member]        
(Loss)/earnings per share:        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 151,000 151,000 151,000 0