EARNINGS PER SHARE

9 Months Ended

Jun. 30, 2022

(Loss)/earnings per share:

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 June 30,					For the Nine Months Ended June 30,
	2022			2021		2022			2021
Numerator:
Net (loss)/income	$	(419,000	)	$	244,000	$	(595,000	)	$	608,000
Denominator:
Weighted average common shares outstanding		10,061,000			9,964,000		10,061,000			9,920,000
Dilutive common share equivalents		–			549,000		–			503,000
Weighted average diluted shares outstanding		10,061,000			10,513,000		10,061,000			10,423,000
(Loss)/earnings per share:
Basic	$	(0.04	)	$	0.02	$	(0.06	)	$	0.06
Diluted	$	(0.04	)	$	0.02	$	(0.06	)	$	0.06

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 June 30,				For the Nine Months Ended June 30,
	2022		2021		2022		2021
Options		1,039,000		10,000		1,039,000		10,000
Warrants		151,000		–		151,000		–
Total potentially dilutive shares		1,190,000		10,000		1,190,000		10,000