Annual report pursuant to section 13 and 15(d)

Note 9: Net Loss Per Share (Tables)

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Note 9: Net Loss Per Share (Tables)
12 Months Ended
Sep. 30, 2012
Note 9 Net Loss Per Share Tables  
Basic and diluted net loss per share

The following table presents the computation of basic and diluted loss per share:

 

    Year Ended September 30,  
    2012     2011  
             
Loss from continuing operations   $ (1,587,641 )   $ (5,383,893 )
Less: preferred stock dividends     (1,918 )     (1,918 )
Loss from continuing operations applicable to common stock     (1,589,559 )     (5,385,811 )
Income (loss) from discontinued operations     12,433       (118,355 )
Net loss applicable to common stock   $ (1,577,126 )   $ (5,504,166 )
                 
Weighted average common shares outstanding - basic and diluted     2,068,828       664,167  
                 
Earnings per share - basic and diluted:                
Loss from continuing operations   $ (0.77 )   $ (8.11 )
Discontinued operations     0.01       (0.18 )
Net loss   $ (0.76 )   $ (8.29 )

 

Potentially dilutive securities

The following potentially dilutive securities were excluded from the calculation of net loss per share because the effects are antidilutive based on the application of the treasury stock method and/or because the Company incurred net losses during the period:

 

    Year Ended September 30,  
    2012     2011  
             
Options to purchase shares of common stock     –       24,013  
Warrants to purchase shares of common stock     109,139       –  
Series E convertible preferred stock     127,840       127,840  
Shares of non-vested restricted stock     263       1,342  
      237,242       153,195