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EARNINGS PER SHARE (EPS) (Tables)
9 Months Ended
Dec. 31, 2012
EARNINGS PER SHARE (EPS)  
Schedule of reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations

 

 

 

 

Three months
ended Dec. 31,
2012

 

Three months
ended Dec. 31,
2011

 

Nine months
ended Dec. 31,
2012

 

Nine months
ended Dec. 31,
2011

 

Basic EPS

 

 

 

 

 

 

 

 

 

Net Loss

 

$

(545,487

)

$

(1,148,341

)

$

(1,296,776

)

$

(854,978

)

Weighted average number of shares outstanding

 

19,089,289

 

17,072,721

 

18,773,080

 

16,364,844

 

Basic Loss per share

 

$

(0.03

)

$

(0.07

)

$

(0.07

)

$

(0.05

)

Diluted EPS

 

 

 

 

 

 

 

 

 

Net Loss

 

$

(545,487

)

$

(1,148,341

)

$

(1,296,776

)

$

(854,978

)

Dilutive effect of stock options, warrants and preferred stock

 

 

 

 

 

Diluted weighted average shares

 

19,089,289

 

17,072,721

 

18,773,080

 

16,364,844

 

Diluted Loss per share

 

$

(0.03

)

$

(0.07

)

$

(0.07

)

$

(0.05

)