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
 9 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
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 June 30,
   
Nine Months Ended June 30,
 
   
2013
   
2012
   
2013
   
2012
 
Net income
  $ 1,146,987     $ 1,741,960     $ 2,237,476     $ 2,873,486  
Weighted average common shares
    12,513,084       12,388,162       12,497,462       12,339,673  
Dilutive potential common shares
    692,734       282,238       479,334       389,155  
Weighted average dilutive common shares outstanding
    13,205,818       12,670,400       12,976,795       12,728,828  
Net income per common share:
                               
Basic
  $ 0.09     $ 0.14     $ 0.18     $ 0.23  
Diluted
  $ 0.09     $ 0.14     $ 0.17     $ 0.23  

The calculation of diluted net income per common share excludes 323,500 potentially dilutive shares for the three months ended June 30, 2012 because their effect would be anti-dilutive.