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 June 30,								Nine Months Ended June 30,
		2018				2017				2018				2017
Net income		$	1,755,232			$	803,316			$	2,393,014			$	2,587,767
Weighted average common shares			13,430,503				13,522,755				13,441,619				13,559,704
Dilutive potential common shares			-				75,827				31,504				171,241
Weighted average dilutive common shares outstanding			13,430,503				13,598,582				13,473,123				13,730,945
Net income per common share:
Basic		$	0.13			$	0.06			$	0.18			$	0.19
Diluted		$	0.13			$	0.06			$	0.18			$	0.19

There were shares for the and months ended that were excluded from the above calculation as they were antidilutive in nature. shares were considered antidilutive for the and months ended