Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share

 

For the

For the

 

Three Months

Three Months

ended

ended

 

June 30, 2022

June 30, 2021

Net income attributable to common stockholders for the period

$

156,588

$

55,124

 

 

 

 

 

Weighted average number of shares outstanding

 

228,120,695

 

226,602,935

 

 

 

 

 

Basic earnings per share

$

0.00

$

0.00

 

 

 

 

 

 

 

For the

Nine Months

For the

Nine Months

ended

ended

 

June 30, 2022

June 30, 2021

Net income attributable to common stockholders for the period

$

302,028

$

141,205

 

 

 

 

 

Weighted average number of shares outstanding

 

228,280,177

 

224,997,827

 

 

 

 

 

Basic earnings per share

$

0.00

$

0.00

 

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

 

 

 

 

 

 

 

For the

For the

 

 

Three Months

Three Months

 

 

ended

ended

 

 

June 30, 2022

June 30, 2021

Net income attributable to common stockholders for the period

$

 156,588

$

55,124

Add: Preferred stock dividends

 

10,232

 

 10,119

 

 

 

 

 

Adjusted net income

$

 166,820

$

 65,243

 

 

 

 

 

Weighted average number of shares outstanding

 

228,120,695

 

226,602,935

Add: Shares issued upon conversion of preferred stock

 

371,361,635

 

374,212,695

Weighted average number of common and common equivalent shares

 

599,482,330

 

600,815,630

 

 

 

 

 

Diluted earnings per share

$

 0.00

$

 0.00

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

 

 

 

 

 

 

 

For the

For the

 

 

Nine Months

Nine Months

 

 

ended

ended

 

 

June 30, 2022

June 30, 2021

Net income attributable to common stockholders for the period

$

 302,028

$

 141,205

Add: Preferred stock dividends

 

30,695

 

 30,584

 

 

 

 

 

Adjusted net income

$

 332,723

$

 171,789

 

 

 

 

 

Weighted average number of shares outstanding

 

228,280,177

 

224,997,827

Add: Shares issued upon conversion of preferred stock

 

371,361,635

 

374,212,695

Weighted average number of common and common equivalent shares

 

599,641,812

 

599,210,522

 

 

 

 

 

Diluted earnings per share

$

 0.00

$

 0.00