Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.2
Earnings Per Share (Tables)
6 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Earnings Per Share

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

 

 

 

Three Months Ended March 31,

 

 

Six Months Ended March 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,881

 

 

$

473

 

 

$

2,866

 

 

$

2,004

 

Less: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

1,881

 

 

$

473

 

 

$

2,866

 

 

$

2,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

1,752,908

 

 

 

1,925,972

 

 

 

1,779,706

 

 

 

1,935,610

 

Basic earnings per share

 

$

1.07

 

 

$

0.25

 

 

$

1.61

 

 

$

1.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

1,881

 

 

$

473

 

 

$

2,866

 

 

$

2,004

 

Add: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable for diluted earnings per share

 

$

1,881

 

 

$

473

 

 

$

2,866

 

 

$

2,004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

1,752,908

 

 

 

1,925,972

 

 

 

1,779,706

 

 

 

1,935,610

 

Add: Options

 

 

 

 

 

2,255

 

 

 

 

 

 

6,916

 

Add: Series B Preferred Stock

 

 

1,071,220

 

 

 

1,071,220

 

 

 

1,071,220

 

 

 

1,071,220

 

Add: Series B Preferred Stock Warrants

 

 

590,147

 

 

 

590,147

 

 

 

590,147

 

 

 

590,147

 

Add: Series E Preferred Stock

 

 

47,840

 

 

 

77,840

 

 

 

47,840

 

 

 

77,840

 

Assumed weighted average common shares outstanding

 

 

3,462,115

 

 

 

3,667,434

 

 

 

3,488,913

 

 

 

3,681,733

 

Diluted earnings per share

 

$

0.54

 

 

$

0.13

 

 

$

0.82

 

 

$

0.53