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EARNINGS PER SHARE (EPS) (Tables)
6 Months Ended
Sep. 30, 2015
EARNINGS PER SHARE (EPS)  
Schedule of reconciliation of the numerators and denominators reflected in the basic and diluted loss per share computations

 

 

 

Three Months
ended
September 30,
2015

 

Three Months
ended
September 30,
2014

 

Six Months
ended
September 30,
2015

 

Six Months
ended
September 30,
2014

 

Basic EPS

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

254,606

 

$

(648,770

)

$

460,957

 

$

(1,919,839

)

Weighted average number of shares outstanding

 

26,113,433

 

24,669,958

 

25,460,435

 

24,336,018

 

Basic income (loss) per share

 

$

0.01

 

$

(0.03

)

$

0.02

 

$

(0.08

)

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

254,606

 

$

(648,770

)

$

460,957

 

$

(1,919,839

)

Dilutive effect of stock options, warrants and preferred stock

 

143,969

 

 

43,107

 

 

Diluted weighted average shares

 

26,257,402

 

24,669,958

 

25,503,542

 

24,336,018

 

Diluted income (loss) per share

 

$

0.01

 

$

(0.03

)

$

0.02

 

$

(0.08

)