Net Income (Loss) Per Share |
12 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Net Income (Loss) Per Share (Abstract) | |
| Net Income (Loss) Per Share | Note 16 – Net Income (Loss) Per Share Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period after giving effect to all dilutive potential common shares that were outstanding during the period. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of stock options, stock appreciation rights and common stock purchase warrants as determined under the treasury stock method. The following table provides a reconciliation of the net income (loss) per basic and diluted common share outstanding: 2021 2020 Net income (loss)$ 7,394,374 $ (18,973,535) Basic weighted average common shares outstanding 76,272,853 66,753,450Net effect of dilutive instruments: Stock options 7,151,070 —Stock appreciation rights 44,291 —Common stock purchase warrants 334,206 —Total net effect of dilutive instruments 7,529,567 —Diluted weighted average common shares outstanding 83,802,420 66,753,450Net income (loss) per basic common share outstanding$0.10 $(0.28)Net income (loss) per diluted common share outstanding$0.09 $(0.28) For the year ended September 30, 2021, approximately 1.2 million potentially dilutive instruments were excluded from the computation of net income per diluted weighted average common share outstanding because their effect would have been antidilutive. Due to our net loss for the year ended September 30, 2020, all potentially dilutive instruments were excluded because their inclusion would have been anti-dilutive. See Notes 10 and 11 for a discussion of these potentially dilutive instruments. |