Quarterly report pursuant to Section 13 or 15(d)

13. Earnings Per Share (Tables)

v3.10.0.1
13. Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Basic and diluted net loss per share

    Three Months Ended June 30,     Nine Months Ended June 30,  
    2018     2017     2018     2017  
Basic                                
                                 
Net income   $ 2,077,038     $ 2,128,043     $ 5,877,866     $ 5,397,282  
Less: preferred stock dividends     (292 )     (479 )     (876 )     (1,438 )
Net income applicable to common stock   $ 2,076,746     $ 2,127,564     $ 5,876,990     $ 5,395,844  
                                 
Weighted average common shares outstanding     1,970,136       2,044,767       1,972,758       2,289,646  
                                 
Basic earnings per share   $ 1.05     $ 1.04     $ 2.98     $ 2.36  
                                 
                                 
                                 
Diluted                                
                                 
Net income applicable to common stock   $ 2,076,746     $ 2,127,564     $ 5,876,990     $ 5,395,844  
Add: preferred stock dividends     292       479       876       1,438  
Net income applicable for diluted earnings per share   $ 2,077,038     $ 2,128,043     $ 5,877,866     $ 5,397,282  
                                 
Weighted average common shares outstanding     1,962,039       2,044,767       1,983,719       2,289,646  
Add: Options     38,980       35,296       42,440       53,081  
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     3,740,204       3,869,248       3,765,344       4,131,912  
                                 
Diluted earnings per share   $ 0.56     $ 0.55     $ 1.56     $ 1.31