| Schedule of Computation of Basic and Diluted Net Earnings Per Share |
The following table presents the computation of basic and diluted net earnings per share (in $000's):
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Three Months Ended June 30, |
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Nine Months Ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
| Basic |
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| Net income |
$ |
1,060 |
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$ |
3,472 |
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$ |
4,462 |
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$ |
25,376 |
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| Less: preferred stock dividends |
— |
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— |
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— |
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— |
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| Net income applicable to common stock |
$ |
1,060 |
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$ |
3,472 |
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$ |
4,462 |
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$ |
25,376 |
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| Weighted average common shares outstanding |
3,166,842 |
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3,090,321 |
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3,123,177 |
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3,128,813 |
| Basic earnings per share |
$ |
0.33 |
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$ |
1.12 |
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$ |
1.43 |
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$ |
8.11 |
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| Diluted |
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| Net income applicable to common stock |
$ |
1,060 |
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$ |
3,472 |
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$ |
4,462 |
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$ |
25,376 |
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| Add: preferred stock dividends |
— |
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— |
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— |
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— |
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| Net income applicable for diluted earnings per share |
$ |
1,060 |
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$ |
3,472 |
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$ |
4,462 |
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$ |
25,376 |
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| Weighted average common shares outstanding |
3,166,842 |
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3,090,321 |
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3,123,177 |
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3,128,813 |
| Add: Options |
19,823 |
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40,365 |
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20,218 |
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40,206 |
| Add: Series B Preferred Stock |
— |
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— |
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— |
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— |
| Add: Series B Preferred Stock Warrants |
— |
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— |
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— |
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— |
| Add: Series E Preferred Stock |
239 |
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239 |
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239 |
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239 |
| Assumed weighted average common shares outstanding |
3,186,904 |
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3,130,925 |
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3,143,634 |
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3,169,258 |
| Diluted earnings per share |
$ |
0.33 |
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$ |
1.11 |
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$ |
1.42 |
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$ |
8.01 |
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