Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share:
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Three Months Ended June 30,
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Nine Months Ended June 30,
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2020
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2019
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2020
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2019
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Basic
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Net income
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$
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3,585
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$
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1,480
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$
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6,451
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$
|
3,484
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Less: preferred stock dividends
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—
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—
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|
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—
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—
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Net income applicable to common stock
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$
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3,585
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$
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1,480
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$
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6,451
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$
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3,484
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Weighted average common shares outstanding
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1,646,836
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1,886,445
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1,735,416
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1,919,221
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Basic earnings per share
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$
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2.18
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$
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0.78
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$
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3.72
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$
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1.81
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Diluted
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Net income applicable to common stock
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$
|
3,585
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$
|
1,480
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$
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6,451
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|
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$
|
3,484
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Add: preferred stock dividends
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—
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—
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|
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—
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|
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—
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Net income applicable for diluted earnings per share
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$
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3,585
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$
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1,480
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$
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6,451
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$
|
3,484
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Weighted average common shares outstanding
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1,646,836
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|
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1,886,445
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|
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1,735,416
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1,919,221
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Add: Options
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—
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—
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—
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4,610
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Add: Series B Preferred Stock
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1,071,220
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1,071,220
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1,071,220
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1,071,220
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Add: Series B Preferred Stock Warrants
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590,147
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590,147
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590,147
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590,147
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Add: Series E Preferred Stock
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47,840
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77,840
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47,840
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77,840
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Assumed weighted average common shares outstanding
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3,356,043
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3,625,652
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3,444,623
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3,663,038
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Diluted earnings per share
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$
|
1.07
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$
|
0.41
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$
|
1.87
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$
|
0.95
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