13. Earnings Per Share (Tables)

6 Months Ended

Mar. 31, 2018

	Three Months Ended March 31,						Six Months Ended March 31,
	2018			2017			2018			2017
Basic

Net income	$	1,923,273		$	1,840,666		$	3,800,828		$	3,269,239
Less: preferred stock dividends		(292	)		(480	)		(584	)		(959	)
Net income applicable to common stock	$	1,922,981		$	1,840,186		$	3,800,244		$	3,268,280

Weighted average common shares outstanding		1,970,136			2,058,064			1,972,758			2,029,023

Basic earnings per share	$	0.98		$	0.89		$	1.93		$	1.61

Diluted

Net income applicable to common stock	$	1,922,981	$	1,840,186	$	3,800,244	$	3,268,280
Add: preferred stock dividends		292		480		292		959
Net income applicable for diluted earnings per share	$	1,923,273	$	1,840,666	$	3,800,536	$	3,269,239

Weighted average common shares outstanding		2,027,564		2,058,064		1,972,758		2,029,023
Add: Options		44,923		69,979		44,171		56,458
Add: Common Stock Warrants		–		–		–		–
Add: Series B Preferred Stock		1,071,200		1,071,200		1,071,200		1,071,200
Add: Series B Preferred Stock Warrants		590,145		590,145		590,145		590,145
Add: Series E Preferred Stock		77,840		127,840		77,840		127,840
Assumed weighted average common shares outstanding		3,811,672		3,917,228		3,756,114		3,874,666

Diluted earnings per share	$	0.50	$	0.47	$	1.01	$	0.84