Annual report pursuant to Section 13 and 15(d)

2. Summary of Significant Accounting Policies: Net Loss Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

v3.6.0.2
2. Summary of Significant Accounting Policies: Net Loss Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
12 Months Ended
Sep. 30, 2016
Tables/Schedules  
Schedule of Earnings Per Share, Basic and Diluted The following table reflects the calculation of basic and diluted net loss per common share from continuing operations for the fiscal years ended September 30, 2016 and 2015:

 

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

Net loss, excluding discontinued

  operations

$

(16,338,456

)

$

(12,637,517

)

Effect of dilutive securities on net loss:

 

 

 

 

Common stock options and warrants

 

(1,857,070

)

 

-

 

 

 

 

 

Total net loss for purpose of

  calculating diluted net loss

  per common share

$

(18,195,526

)

 

$

(12,637,517

)

 

 

 

 

Number of shares used in per common share

  calculations:

 

 

 

 

Total shares for purposes of calculating basic

  net loss per common share

 

96,669,000

 

 

51,444,000

 

Weighted-average effect of dilutive securities:

 

 

 

 

Common stock options and warrants

 

1,378,503

 

 

-

 

 

 

 

 

Total shares for purpose of calculating diluted

  net loss per common share

 

98,047,503

 

 

51,444,000

 

 

 

 

 

Net loss per common share:

 

 

 

 

Basic

$

(0.17

)

$

(0.25

)

Diluted

$

(0.19

)

$

(0.25

)

 

The effect of dilutive securities on the numerator for purposes of calculating diluted loss per common share is related to the common stock options and warrants and convertible debt due to the reduction of the gain on derivatives liability.  The following table reflects the calculation of basic and diluted net income per common share from discontinued operations for the years ended September 30, 2016 and 2015:

 

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

Loss from discontinued operations

$

-

 

$

(186,232

)

 

 

 

 

Number of shares used in per common share

  calculations:

 

 

 

 

Total shares for purposes of calculating basic

  net loss per common share

 

96,669,000

 

 

102,897

 

Weighted-average effect of dilutive securities:

 

 

 

 

Common stock options and warrants

 

1,378,503

 

 

-

 

 

 

 

 

Total shares for purpose of calculating diluted

  net loss per common share

 

98,047,503

 

 

102,897

 

 

 

 

 

Net loss per common share:

 

 

 

 

Basic

$

-

 

 

$

-

 

Diluted

$

-

 

 

$

-