EARNINGS PER SHARE

9 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

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						For the Nine Months Ended
	June 30,						June 30,
	2024			2023			2024			2023
Numerator:
(Loss) / income from continuing operations	$	(377,000	)	$	134,000		$	(1,304,000	)	$	(76,000	)
Loss from discontinued operations, net of tax		(23,000	)		(670,000	)		(3,000	)		(1,762,000	)
Net loss	$	(400,000	)	$	(536,000	)	$	(1,307,000	)	$	(1,838,000	)
Denominator:
Weighted average common shares outstanding		1,101,069			1,101,069			1,101,069			1,101,069
Dilutive common share equivalents		–			–			–			–
Weighted average dilutive shares outstanding		1,101,069			1,101,069			1,101,069			1,101,069
Basic (loss) / earnings per share:
Basic (loss) / earnings per share from continuing operations	$	(0.34	)	$	0.12		$	(1.18	)	$	(0.07	)
Basic (loss) / earnings per share from discontinued operations		(0.02	)		(0.61	)		(0.00	)		(1.60	)
Basic loss per share	$	(0.36	)	$	(0.49	)	$	(1.19	)	$	(1.67	)
Diluted (loss) / earnings per share:
Diluted (loss) / earnings per share from continuing operations	$	(0.34	)	$	0.12		$	(1.18	)	$	(0.07	)
Diluted (loss) / earnings per share from discontinued operations		(0.02	)		(0.61	)		(0.00	)		(1.60	)
Diluted loss per share	$	(0.36	)	$	(0.49	)	$	(1.19	)	$	(1.67	)

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,
	2024		2023		2024		2023
Options		97,427		95,000		97,427		95,000
Warrants		7,500		15,100		7,500		15,100
Total potentially dilutive shares		104,927		110,100		104,927		110,100