Net Income Per Share

6 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Net Income Per Share

NOTE 2 – NET INCOME PER SHARE

Basic Net Income per Share is calculated by dividing Net Income Attributable to Common Shareholders by the weighted-average number of common shares outstanding during the period. Diluted Net Income per Common Share is calculated by dividing Net Income Attributable to Common Shareholders by the weighted-average number of common shares outstanding plus the weighted-average number of net shares that would be issued upon exercise of stock options pursuant to the treasury stock method.

In addition, common stock equivalents of 79,411 and 154,001 shares are included in the diluted weighted average shares outstanding for the three months ended March 31, 2016 and 2015, respectively, and common stock equivalents of 71,223 and 143,274 shares are included in the diluted weighted average shares outstanding for the six months ended March 31, 2016 and 2015, respectively. For the diluted weighted average shares outstanding for the three and six months March 31, 2016 and 2015, 65,000 and -0- options to purchase shares of common stock, respectively, were antidilutive.