Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2021
Property and Equipment  
Schedule of Earnings and Loss per Share

Basic net income (loss) per share computation:

 

September 30, 2021

 

 

September 30, 2020

 

Net Income/(Loss)

 

$ 6

 

 

$ (14,347 )

Add: gain on redeemed preferred stock

 

 

-

 

 

 

24,475

 

Net income attributable to common stockholders

 

 

6

 

 

 

10,128

 

Weighted-average common shares outstanding

 

 

60,594

 

 

 

15,214

 

Basic net income per share

 

$ 0.00

 

 

$ 0.67

 

 

 

 

 

 

 

 

 

 

Diluted net income per share computation:

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

 

 

6

 

 

 

10,128

 

Less: gain on redeemed preferred stock

 

 

-

 

 

 

(24,475 )

Less: gain on extinguishment of convertible debt

 

 

-

 

 

 

(11,405 )

Add: interest expense on convertible note

 

 

-

 

 

 

1,204

 

Diluted income (loss) attributable to common stockholders

 

$ 6

 

 

$ (24,548 )

Weighted average common shares outstanding

 

 

60,594

 

 

 

15,214

 

Incremental shares attributable to the assumed conversion of preferred stock, convertible debt, restricted stock and exercise of outstanding stock options and warrants

 

 

1,354

 

 

 

6,356

 

Total adjusted weighted-average shares

 

 

61,948

 

 

 

21,570

 

Diluted net income (loss) per share

 

$ 0.00

 

 

$ (1.14 )