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Earnings per Share
3 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share are based on the sum of the average number of common shares outstanding and issuable, restricted and deferred shares. Diluted earnings per share include any dilutive effect of stock options and restricted stock. In computing the diluted weighted average shares, the average share price for the period is used in determining the number of shares assumed to be reacquired under the treasury stock method from the exercise of options. Basic and diluted earnings per share for the three months ended December 31, 2020 and 2019 are (in thousands, except per share amounts):
Three Months Ended December 31,
20202019
Net loss attributable to common shareholders$(1,953)$(1,718)
Basic and diluted weighted average shares12,149,778 10,361,292 
Basic and diluted loss per common share:$(0.16)$(0.17)
The table below includes information related to stock options that were outstanding at the end of each respective three-month period ended December 31, but have been excluded from the computation of weighted-average stock options for dilutive securities because their effect would be anti-dilutive. The stock options were anti-dilutive either due to the Company incurring a net loss for the periods presented or the exercise price exceeded the average market price per share of our common stock for the three months ended December 31, 2020 and 2019.
Three Months Ended December 31,
20202019
Stock options excluded100,000 770,000 
Weighted average exercise price of stock options$1.55 $1.73 
Average market price of common stock$2.54 $2.27