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EARNINGS PER SHARE (EPS) (Tables)
6 Months Ended
Sep. 30, 2012
EARNINGS PER SHARE (EPS)  
Schedule of reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations

 

Three and Six Months ended September 30, 

 

2012

 

2011

 

2012

 

2011

 

Basic EPS

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(45,020

)

$

(88,098

)

$

(751,289

)

$

293,363

 

Weighted average number of shares outstanding

 

18,696,846

 

16,546,279

 

18,614,112

 

16,049,144

 

Basic income (loss) per share

 

$

(0.00

)

$

(0.01

)

$

(0.04

)

$

0.02

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(45,020

)

$

(88,098

)

$

(751,289

)

$

293,363

 

Dilutive effect of stock options, warrants and preferred stock

 

 

 

 

8,094,812

 

Diluted weighted average shares

 

18,696,846

 

16,546,279

 

18,614,112

 

24,143,956

 

Diluted income (loss) per share

 

$

(0.00

)

$

(0.01

)

$

(0.04

)

$

0.01