Note 6 - Earnings Per Share

12 Months Ended

Sep. 30, 2011

6. EARNINGS PER SHARE

In accordance with ASC 260, the Company has evaluated its diluted income per share calculation. The Company has outstanding warrants at September 30, 2011, 2010 and 2009 and convertible debt at September 30, 2009, which are not included in the determination of diluted loss per share for the fiscal year ended September 30, 2011, 2010 and 2009 because the shares are anti-dilutive. Had these securities been dilutive, an additional 0.1 million, 0.1 million and 0.3 million, respectively, would have been included in the Company’s diluted loss per share calculation.

The following is the diluted impact of the convertible debt and warrants on net loss per share for the fiscal years ended September 30, 2011, 2010 and 2009 respectively:

	Fiscal year ended September 30,
	2011			2010			2009
Numerators:
Net loss	$	(3,574	)	$	(6,339	)	$	(4,202	)

Denominators:
Average shares outstanding – basic		34,378			34,411			34,402
Impact of convertible debt, warrants and stock options		-			-			-
Average shares outstanding – diluted		34,378			34,411			34,402

Basic and diluted loss per share	$	(0.10	)	$	(0.18	)	$	(0.12	)