| 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 March 31, |
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Six Months Ended March 31, |
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2024 |
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2023 |
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2024 |
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2023 |
| Basic |
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| Net (loss) income |
$ |
(3,281) |
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$ |
1,558 |
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$ |
(3,963) |
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$ |
3,402 |
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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 (loss) income applicable to common stock |
$ |
(3,281) |
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$ |
1,558 |
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$ |
(3,963) |
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$ |
3,402 |
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| Weighted average common shares outstanding |
3,154,771 |
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3,143,911 |
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3,159,180 |
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3,101,007 |
| Basic (loss) earnings per share |
$ |
(1.04) |
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$ |
0.50 |
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$ |
(1.25) |
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$ |
1.10 |
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| Diluted |
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| Net (loss) income applicable to common stock |
$ |
(3,281) |
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$ |
1,558 |
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$ |
(3,963) |
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$ |
3,402 |
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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 (loss) income applicable to diluted earnings per share |
$ |
(3,281) |
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$ |
1,558 |
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$ |
(3,963) |
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$ |
3,402 |
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| Weighted average common shares outstanding |
3,154,771 |
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3,143,911 |
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3,159,180 |
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3,101,007 |
| Add: Options |
— |
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40,832 |
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— |
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36,379 |
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| Add: Series E Preferred Stock |
— |
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239 |
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— |
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239 |
| Assumed weighted average common shares outstanding |
3,154,771 |
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3,184,982 |
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3,159,180 |
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3,137,625 |
| Diluted (loss) earnings per share |
$ |
(1.04) |
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$ |
0.49 |
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$ |
(1.25) |
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$ |
1.08 |
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