Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Net Income (Loss) Per Share

v3.19.1
Note 2 - Net Income (Loss) Per Share
6 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
2.
Net Income (Loss) Per Share
 
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
three
and
six
months ended
March 31, 2019
and
2018:
 
    Three Months Ended March 31,     Six Months Ended March 31,  
    2019     2018     2019     2018  
Net income (loss)   $
367,942
    $
(305,376
)   $
1,377,902
    $
637,782
 
Weighted average common shares    
13,422,222
     
13,450,482
     
13,411,183
     
13,447,178
 
Dilutive potential common shares    
27,990
     
-  
     
13,995
     
47,255
 
Weighted average dilutive common shares outstanding    
13,450,212
     
13,450,482
     
13,425,178
     
13,494,433
 
Net income (loss) per common share:                                
Basic   $
0.02
    $
(0.02
)   $
0.10
    $
0.05
 
Diluted   $
0.02
    $
(0.02
)   $
0.10
    $
0.05