EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 8     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
	December 31,
	2023			2022
Numerator:
Loss from continuing operations	$	(381,000	)	$	(91,000	)
Income / (loss) from discontinued operations, net of tax		27,000			(339,000	)
Net loss	$	(354,000	)	$	(430,000	)
Denominator:
Weighted average common shares outstanding		10,061,000			10,061,000
Dilutive common share equivalents		–			–
Weighted average dilutive shares outstanding		10,061,000			10,061,000
Basic (loss)/earnings per share:
Basic loss per share from continuing operations	$	(0.04	)	$	(0.01	)
Basic earnings/(loss) per share from discontinued operations		0.00			(0.03	)
Basic loss per share	$	(0.04	)	$	(0.04	)
Diluted (loss)/earnings per share:
Diluted loss per share from continuing operations	$	(0.04	)	$	(0.01	)
Diluted earnings/(loss) per share from discontinued operations		0.00			(0.03	)
Diluted loss per share	$	(0.04	)	$	(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 December 31,
	2023		2022
Options		1,255,000		1,075,000
Warrants		75,000		151,000
Total potentially dilutive shares		1,330,000		1,226,000