NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (J) NET LOSS PER COMMON SHARE (Policies)

12 Months Ended

Mar. 31, 2020

Policies

(J) NET LOSS PER COMMON SHARE

(J) NET LOSS PER COMMON SHARE

In accordance with Statement of Financial Accounting Standards Accounting Standard Codification Topic 260, "Earnings per Share", basic earnings per share is computed by dividing the net income less preferred dividends for the period by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net income less preferred dividends by the weighted average number of common shares outstanding including the effect of common stock equivalents. Common stock equivalents, consisting of preferred stock, stock options and warrants, have not been included in the calculation, as their effect is anti-dilutive for the periods presented.

Number of shares used in calculation of diluted EPS
Common shares	5,836,832
Preferred A shares	3,805,449
Preferred B shares	95.753
Options	435,635
Warrants	3,805,449
Total	13,979,118