EARNINGS PER SHARE

6 Months Ended

Mar. 31, 2025

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 Six Months Ended
	March 31,						March 31,
	2025			2024			2025			2024
Numerator:
Loss from continuing operations	$	(1,822,000	)	$	(627,000	)	$	(2,720,000	)	$	(992,000	)
Income from discontinued operations, net of tax		370,000			74,000			560,000			85,000
Net loss	$	(1,452,000	)	$	(553,000	)	$	(2,160,000	)	$	(907,000	)
Denominator:
Weighted average common shares outstanding		1,101,000			1,101,000			1,101,000			1,101,000
Dilutive common share equivalents		–			–			–			–
Weighted average dilutive shares outstanding		1,101,000			1,101,000			1,101,000			1,101,000
Basic (loss) / earnings per share:
Basic loss per share from continuing operations	$	(1.65	)	$	(0.57	)	$	(2.47	)	$	(0.90	)
Basic earnings per share from discontinued operations		0.33			0.07			0.51			0.08
Basic loss per share	$	(1.32	)	$	(0.50	)	$	(1.96	)	$	(0.82	)
Diluted (loss) / earnings per share:
Diluted loss per share from continuing operations	$	(1.65	)	$	(0.57	)	$	(2.47	)	$	(0.90	)
Diluted earnings per share from discontinued operations		0.33			0.07			0.51			0.08
Diluted loss per share	$	(1.32	)	$	(0.50	)	$	(1.96	)	$	(0.82	)

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,
	2025		2024		2025		2024
Options		132,000		97,000		132,000		97,000
Warrants		7,500		7,500		7,500		7,500
Total potentially dilutive shares		139,500		104,500		139,500		104,500