| Basic and diluted net loss per share |
The following table presents
the computation of basic and diluted net loss per share:
| | |
Three Months Ended June 30, | |
Nine Months Ended June 30, |
| | |
2012 | |
2011 | |
2012 | |
2011 |
| | |
| |
| |
| |
|
| Loss from continuing operations | |
$ | (289,714 | ) | |
$ | (1,150,933 | ) | |
$ | (744,154 | ) | |
$ | (5,064,985 | ) |
| Less: preferred stock dividends | |
| (479 | ) | |
| (479 | ) | |
| (1,438 | ) | |
| (1,438 | ) |
| Loss from continuing operations applicable to common stock |
|
|
(290,193 |
) |
|
|
(1,151,412 |
) |
|
|
(745,592 |
) |
|
|
(5,066,423 |
) |
| Income (loss) from discontinued operations | |
| 7,944 | | |
| 7,561 | | |
| 11,753 | | |
| (123,486 | ) |
| Net loss applicable to common stock | |
$ | (282,249 | ) | |
$ | (1,143,851 | ) | |
$ | (733,839 | ) | |
$ | (5,189,909 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Weighted average common shares outstanding - basic and diluted | |
| 2,402,168 | | |
| 682,374 | | |
| 1,928,589 | | |
| 659,296 | |
| | |
| | | |
| | | |
| | | |
| | |
| Earnings per share - basic and diluted: | |
| | | |
| | | |
| | | |
| | |
| Loss from continuing operations | |
$ | (0.12 | ) | |
$ | (1.69 | ) | |
$ | (0.39 | ) | |
$ | (7.68 | ) |
| Discontinued operations | |
| 0.00 | | |
| 0.01 | | |
| 0.01 | | |
| (0.19 | ) |
| Net loss | |
$ | (0.12 | ) | |
$ | (1.68 | ) | |
$ | (0.38 | ) | |
$ | (7.87 | ) |
| | |
| | | |
| | | |
| | | |
| | |
|
| Potentially dilutive securities |
The following
potentially dilutive securities were excluded from the calculation of diluted net loss per share because the effects were anti-dilutive
based on the application of the treasury stock method and because the Company incurred net losses during the period:
| | |
Three and Nine Months Ended June 30, |
| | |
2012 | | |
2011 |
| Options to purchase shares of common stock | |
10,526 | | |
| 12,813 | |
| Warrants to purchase shares of common stock | |
98,971 | | |
| – | |
| Series E convertible preferred stock | |
127,840 | | |
| 127,840 | |
| Shares of non-vested restricted stock | |
1,342 | | |
| 2,283 | |
| | |
252,167 | | |
| 142,936 | |
| | |
| | |
| | |
|