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Net Income (Loss) Per Share
3 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 4. Net Income (Loss) Per Share

 

Basic net income (loss) per share includes no dilution and is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding for the period. Diluted net income (loss) per share reflects, in the periods in which they have a dilutive effect, the dilution which would occur upon the exercise of stock options. A reconciliation of the shares used in calculating basic and diluted net income per share is as follows:

 

    Three months ended
December 31,
 
    2012     2011  
Weighted average shares outstanding-basic     10,122,344       10,122,344  
Number of shares issued on the assumed                
exercise of stock options     -       -  
Weighted average shares outstanding-diluted     10,122,344       10,122,344  

 

Options to purchase 1,396,625 and 1,404,567 shares of common stock, at prices ranging from $0.77 to $7.45 and from $0.86 to $7.45, were outstanding for the three months ended December 31, 2012 and 2011, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.