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,
		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