EARNINGS PER SHARE

9 Months Ended

Jun. 30, 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, and convertible securities, computed using the if-converted method.

A reconciliation of basic and diluted earnings per share is as follows:

Schedule of reconciliation of basic and diluted earnings per share
	For the Three Months Ended June 30,						For the Nine Months Ended June 30,
	2025			2024			2025			2024
Numerator:
Loss from continuing operations	$	(2,404,353	)	$	(454,699	)	$	(5,124,337	)	$	(1,447,085	)
Less deemed dividend on Series B Convertible Preferred Stock		(10,278	)		–			(10,278	)		–
Loss from continuing operations attributable to common shareholders		(2,414,631	)		(454,699	)		(5,134,615	)		(1,447,085	)
Income from discontinued operations, net of tax		1,554,331			55,114			2,114,639			140,066
Net loss attributable to common shareholders	$	(860,300	)	$	(399,585	)	$	(3,019,976	)	$	(1,307,019	)
Denominator:
Weighted average common shares outstanding		1,113,670			1,101,069			1,105,269			1,101,069
Dilutive common share equivalents		–			–			–			–
Weighted average dilutive shares outstanding		1,113,670			1,101,069			1,105,269			1,101,069
Basic (loss) / earnings per share:
Basic loss per share from continuing operations	$	(2.17	)	$	(0.41	)	$	(4.65	)	$	(1.31	)
Basic earnings per share from discontinued operations		1.40			0.05			1.92			0.12
Basic loss per share attributable to common shareholders	$	(0.77	)	$	(0.36	)	$	(2.73	)	$	(1.19	)
Diluted (loss) / earnings per share:
Diluted loss per share from continuing operations	$	(2.17	)	$	(0.41	)	$	(4.65	)	$	(1.31	)
Diluted earnings per share from discontinued operations		1.40			0.05			1.92			0.12
Diluted loss per share attributable to common shareholders	$	(0.77	)	$	(0.36	)	$	(2.73	)	$	(1.19	)

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,
	2025		2024		2025		2024
Convertible preferred stock		879,000		–		879,000		–
Options		169,000		97,000		169,000		97,000
Warrants		186,000		7,500		186,000		7,500
Total potentially dilutive shares		1,234,000		104,500		1,234,000		104,500