Basic net income (loss) per common share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the reporting period. Diluted EPS equals net income (loss) 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 and restricted stock awards, when dilutive.

 

The following is a reconciliation of the numerator and denominator of the net income (loss) per common share computations for the and months ended and

 

		Three Months Ended March 31,								Six Months Ended March 31,
		2018				2017				2018				2017
Net (loss) income		$	(305,376	)		$	907,521			$	637,782			$	1,784,451
Weighted average common shares			13,450,482				13,589,109				13,447,178				13,578,178
Dilutive potential common shares			-				214,588				47,255				218,948
Weighted average dilutive common shares outstanding			13,450,482				13,803,697				13,494,433				13,797,126
Net (loss) income per common share:
Basic		$	(0.02	)		$	0.07			$	0.05			$	0.13
Diluted		$	(0.02	)		$	0.07			$	0.05			$	0.13