Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
The following table sets forth the computation of basic and diluted earnings (loss) per common share from continuing operations: | | For the Three Months Ended | | | | December 31, | | | | 2015 | | 2014 | | Numerator: | | | | | | | | Net income | | $ | 546,171 | | $ | 219,654 | | Preferred stock dividends | | | (19,890) | | | (19,890) | | Net income attributable to common shareholders | | $ | 526,281 | | $ | 199,764 | | Denominator: | | | | | | | | Weighted average number of common shares outstanding - basic | | | 45,765,382 | | | 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 | | Convertible preferred stock, Series D | | | 2,131,839 | | | - | | Convertible preferred stock, Series F | | | 6,372,623 | | | - | | Total dilutive shares | | | 8,504,462 | | | 1,260,814 | | Weighted average number of common shares outstanding - diluted | | | 54,269,845 | | | 41,247,894 | | Earnings per share: | | | | | | | | Basic | | $ | .01 | | $ | - | | Diluted | | $ | .01 | | $ | - | |
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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 | | | December 31, | | | | 2015 | | 2014 | | Convertible preferred stock, Series A | | | 667,169 | | | 667,169 | | Convertible preferred stock, Series A-1 | | | 393,645 | | | 393,645 | | Convertible preferred stock, Series D [1]
| | | 797,680,000 | | | 755,948,000 | | Convertible preferred stock, Series F [1]
| | | 366,984,400 | | | - | | Warrants | | | 437,336 | | | 797,359 | | Convertible debt | | | 200,000 | | | 200,000 | | Total potentially dilutive shares | | | 1,166,362,549 | | | 758,006,173 | |
| [1] | The Series D and Series F 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. |
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