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 and restricted stock awards, when dilutive.

 

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

 

		Three Months Ended March 31,								Six Months Ended March 31,
		2017				2016				2017				2016
Net income		$	907,521			$	1,492,979			$	1,784,451			$	2,980,433
Weighted average common shares			13,589,109				13,309,181				13,578,178				13,298,874
Dilutive potential common shares			214,588				272,629				218,948				279,556
Weighted average dilutive common shares outstanding			13,803,697				13,581,810				13,797,126				13,578,430
Net income per common share:
Basic		$	0.07			$	0.11			$	0.13			$	0.22
Diluted		$	0.07			$	0.11			$	0.13			$	0.22