| Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The following table sets forth the computation of basic and diluted earnings per common share: | | | For the Three Months Ended | | For the Nine Months Ended | | | | | June 30, | | June 30, | | | | | 2015 | | 2014 | | 2015 | | 2014 | | | Numerator: | | | | | | | | | | | | | | | Net income | | $ | (1,501,024) | | $ | (13,026) | | $ | (2,010,666) | | $ | 1,893,024 | | | Preferred stock dividends | | | 19,889 | | | 19,889 | | | 59,670 | | | 59,670 | | | Net income attributable to common shareholders | | $ | (1,520,913) | | $ | (32,915) | | $ | (2,070,336) | | $ | 1,833,354 | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | Weighted average number of common shares outstanding - basic | | | 44,193,209 | | | 39,987,080 | | | 41,373,716 | | | 39,987,080 | | | | | | | | | | | | | | | | | | Effect of dilutive securities: | | | | | | | | | | | | | | | Convertible preferred stock, Series A | | | - | | | - | | | - | | | 667,169 | | | Convertible preferred stock, Series A-1 | | | - | | | - | | | - | | | 393,645 | | | Convertible debt | | | - | | | - | | | - | | | 200,000 | | | Total dilutive shares | | | - | | | - | | | - | | | 1,260,814 | | | | | | | | | | | | | | | | | | Weighted average number of common shares outstanding - diluted | | | 44,193,209 | | | 39,987,080 | | | 41,373,716 | | | 41,247,894 | | | | | | | | | | | | | | | | | | Earnings per share: | | | | | | | | | | | | | | | Basic | | $ | (0.03) | | $ | (0.00) | | $ | (0.05) | | $ | 0.05 | | | Diluted | | $ | (0.03) | | $ | (0.00) | | $ | (0.05) | | $ | 0.04 | |
|
| Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] |
The following securities are excluded from the calculation of weighted average dilutive common shares because they are not currently convertible, or because their inclusion would have been anti-dilutive: | | | For the Three Months Ended | | For the Nine Months Ended | | | | | June 30, | | June 30, | | | | | 2015 | | 2014 | | 2015 | | 2014 | | | Convertible preferred stock, Series A | | | 667,169 | | | 667,169 | | | 667,169 | | | - | | | Convertible preferred stock, Series A-1 | | | 393,645 | | | 393,645 | | | 393,645 | | | - | | | Convertible preferred stock, Series D [1]
| | | 765,959,600 | | | 500,004,400 | | | 765,959,600 | | | 500,004,400 | | | Rights to purchase Series D[2]
| | | - | | | 200,000,000 | | | - | | | 200,000,000 | | | Warrants | | | 744,999 | | | 6,975,697 | | | 744,999 | | | 6,975,697 | | | Convertible debt | | | 200,000 | | | 200,000 | | | 200,000 | | | - | | | Total potentially dilutive shares | | | 767,965,413 | | | 708,240,911 | | | 767,965,413 | | | 706,980,097 | | | | [1] | The Series D preferred shares are convertible at a rate of 400 pre-split shares of common stock for each share of preferred stock but not until the Company has effected a sufficient increase in the authorized common shares. | | | [2] | Represents the right to purchase Series D preferred shares pursuant to a securities purchase agreement (the “Purchase Agreement”) between 5G and the Company at an exercise price of $4.00 per share. |
|