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EARNINGS PER SHARE (EPS) (Tables)
9 Months Ended
Dec. 31, 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
December 31,
2015

 

Three Months
ended
December 31,
2014

 

Nine Months
ended
December 31,
2015

 

Nine Months
ended
December 31,
2014

 

Basic EPS

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

12,003

 

$

(945,718

)

$

472,960

 

$

(2,865,557

)

Weighted average number of shares outstanding

 

27,324,593

 

24,669,958

 

26,084,080

 

24,447,736

 

Basic income (loss) per share

 

$

0.00

 

$

(0.04

)

$

0.02

 

$

(0.12

)

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

12,003

 

$

(945,718

)

$

472,960

 

$

(2,865,557

)

Dilutive effect of stock options, warrants and preferred stock

 

185,387

 

 

126,126

 

 

Diluted weighted average shares

 

27,509,980

 

24,669,958

 

26,210,206

 

24,447,736

 

Diluted income (loss) per share

 

$

0.00

 

$

(0.04

)

$

0.02

 

$

(0.12

)