Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share

The table below details the computation of basic and diluted earnings per share ("EPS") for the three months ended June 30, 2021 and 2020:

For the three months ended

June 30, 2021

For the three months ended

June 30, 2020

Net income attributable to common stockholders for the period

$

55,124

$

53,785

 

Weighted average number of shares outstanding

226,902,935

223,994,635

 

Basic earnings per share

$

0.00

$

0.00

The following table sets for the computation of diluted earnings per share:

For the three months ended

June 30, 2021

For the three months ended

June 30, 2020

Net income attributable to common stockholders for the period

$

55,124

$

53,785

Add: Preferred stock dividends

10,119

10,231

 

Adjusted net income

$

65,243

$

64,016

 

Weighted average number of shares outstanding

226,602,935

223,994,635

Add: Shares issued upon conversion of preferred stock

374,212,695

376,820,995

Weighted average number of common and common equivalent shares

600,815,630

600,815,630

 

Diluted earnings per share

$

0.00

$

0.00

-8-


The table below details the computation of basic and diluted earnings per share ("EPS") for the nine months ended June 30, 2021 and 2020:

For the nine months ended

June 30, 2021

For the nine months ended

June 30, 2020

Net income attributable to common stockholders for the period

$

141,205

$

86,871

 

Weighted average number of shares outstanding

224,997,827

222,355,291

 

Basic earnings per share

$

0.00

$

0.00

The following table sets for the computation of diluted earnings per share:

For the nine months ended

June 30, 2021

For the nine months ended

June 30, 2020

Net income attributable to common stockholders for the period

$

141,205

$

86,871

Add: Preferred stock dividends

30,584

30,806

 

Adjusted net income

$

171,789

$

117,677

 

Weighted average number of shares outstanding

224,997,827

222,355,291

Add: Shares issued upon conversion of preferred stock

374,212,695

376,820,995

Weighted average number of common and common equivalent shares

599,210,522

599,176,286

 

Diluted earnings per share

$

0.00

$

0.00