NET INCOME PER SHARE

3 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

NET INCOME PER SHARE

NOTE 2 – NET INCOME PER SHARE

Basic Net Income per Common 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 for the period and, when dilutive, the potential net shares that would be issued upon exercise of stock options pursuant to the treasury stock method. In periods with a net loss, the basic loss per share equals the diluted loss per share as all common stock equivalents are excluded from the per share calculation because they are anti-dilutive.

In addition, common stock equivalents of 92,000 and 106,000 shares are included in the diluted weighted average shares outstanding for the three months ended December 31, 2021 and 2020, respectively. For the diluted weighted average shares outstanding for the three months ended December 31, 2021 and 2020, 0 and 65,000 options to purchase shares of common stock were antidilutive and therefore excluded.