Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income Per Share

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Note 2 - Net Income Per Share
 6 Months Ended
Mar. 31, 2013
Earnings Per Share [Text Block]
Note 2.  Net Income Per Share

Basic net income per common share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income divided by the sum of the weighted average number of shares of common stock outstanding plus all additional common stock equivalents, such as stock options, when dilutive.

   
Three Months Ended March 31,
   
Six Months Ended March 31,
 
   
2013
   
2012
   
2013
   
2012
 
Net income
  $ 545,278     $ 131,927     $ 1,090,489     $ 1,131,526  
Weighted average common shares
    12,503,434       12,331,744       12,489,651       12,315,561  
Dilutive potential common shares
    423,126       458,488       372,633       442,613  
Weighted average dilutive common shares outstanding
    12,926,560       12,790,232       12,862,284       12,758,174  
Net income per common share:
                               
    Basic
  $ 0.05     $ 0.01     $ 0.09     $ 0.09  
    Diluted
  $ 0.04     $ 0.01     $ 0.08     $ 0.09  

The calculation of diluted net income per common share excludes 294,500 potentially dilutive shares for the three months ended March 31, 2013, and 312,000 for the three months ended March 31, 2012, because their effect would be anti-dilutive.