4. LOSS PER SHARE

3 Months Ended

Jun. 30, 2016

4. LOSS PER SHARE

Loss per share has been computed based on the weighted‑average number of shares of common stock issued and outstanding during the period, and is calculated by dividing net loss by the weighted average number of common shares outstanding during the period. The effects of the options granted under the Company’s option plans, the exercise of outstanding options and the exercise of outstanding warrants were excluded from the loss per share calculations for the periods presented as their inclusion is anti-dilutive. Accordingly, diluted loss per share has not been presented.

The following securities were not considered in the loss per share calculations for the three months ended:

	June 30, 2016		June 30, 2015
Warrants		100,000		120,000
Options		1,912,125		2,032,826
		2,012,125		2,153,826