NET INCOME (LOSS) PER SHARE

3 Months Ended

Dec. 31, 2011

Net Income (Loss) Per Share [Text Block]

NOTE 15 — NET INCOME (LOSS) PER SHARE

The following table presents the computation of basic and diluted net income (loss) per share applicable to common stockholders:

	Quarter Ended December 31,			2010
	2011			2010

Calculation of net income (loss) per share - basic:

Net income (loss)	$	(2,192,000	)	$	4,987,000
Weighted-average number of common shares outstanding		173,838,226			160,416,534
Net income (loss) per share - basic	$	(0.01	)	$	0.03

Calculation of net income (loss) per share - diluted:

Net income (loss)	$	(2,192,000	)	$	4,987,000
Less: Gain on change in fair market value of compound embedded derivative		—			(202,000	)
Interest expense on convertible notes		—			57,000
Net income (loss) assuming dilution	$	(2,192,000	)	$	4,842,000

Weighted-average number of common shares outstanding		173,838,226			160,416,534
Effect of potentially dilutive securities:
Convertible notes		—			10,935,073
Weighted-average number of common shares outstanding assuming dillution		173,838,226			171,351,607

Net income (loss) per share - diluted	$	(0.01	)	$	0.03

During the three months ended December 31, 2011, 5,190,000 stock options, 55,229,796 warrants and 7,625,000 restricted stocks were excluded from the calculation of earnings per share because their effect would be anti-dilutive.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

SOLAR ENERTECH CORP 10-Q