| Basic and diluted net loss per share |
| |
|
Three
Months Ended March 31, |
|
|
Six
Months Ended March 31, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations |
|
$ |
(975,860 |
) |
|
$ |
(3,215,467 |
) |
|
$ |
(1,384,019 |
) |
|
$ |
(4,277,939 |
) |
| Less: preferred stock dividends |
|
|
(479 |
) |
|
|
(479 |
) |
|
|
(959 |
) |
|
|
(958 |
) |
| Loss from continuing operations
applicable to common stock |
|
|
(976,339 |
) |
|
|
(3,215,946 |
) |
|
|
(1,384,978 |
) |
|
|
(4,278,897 |
) |
| Income (loss) from discontinued
operations |
|
|
– |
|
|
|
450 |
|
|
|
– |
|
|
|
2,413 |
|
| Net loss applicable to common
stock |
|
$ |
(976,339 |
) |
|
$ |
(3,215,496 |
) |
|
$ |
(1,384,978 |
) |
|
$ |
(4,276,484 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average common
shares outstanding - basic and diluted |
|
|
13,144,063 |
|
|
|
8,379,069 |
|
|
|
12,225,987 |
|
|
|
8,166,921 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings per share - basic
and diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from continuing operations |
|
$ |
(0.07 |
) |
|
$ |
(0.38 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.52 |
) |
| Discontinued operations |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Net loss |
|
$ |
(0.07 |
) |
|
$ |
(0.38 |
) |
|
$ |
(0.11 |
) |
|
$ |
(0.52 |
) |
|
| Potentially dilutive securities |
| |
|
Three Months Ended
March 31, |
|
|
Six Months Ended March
31, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Options to purchase
shares of common stock |
|
|
675,000 |
|
|
|
– |
|
|
|
675,000 |
|
|
|
– |
|
| Warrants to purchase shares
of common stock |
|
|
2,866,506 |
|
|
|
2,167,602 |
|
|
|
2,866,506 |
|
|
|
698,904 |
|
| Series E convertible preferred
stock |
|
|
127,840 |
|
|
|
127,840 |
|
|
|
127,840 |
|
|
|
127,840 |
|
| Shares of non-vested
restricted stock |
|
|
21,000 |
|
|
|
789 |
|
|
|
21,000 |
|
|
|
789 |
|
| Total
potentially dilutive shares |
|
|
3,690,346 |
|
|
|
2,296,231 |
|
|
|
3,690,346 |
|
|
|
827,533 |
|
|