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EARNINGS PER SHARE (EPS) (Tables)
 3 Months Ended
Jun. 30, 2016
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 June 30, 2016

 

Three Months
ended June 30, 2015

 

Basic EPS

 

 

 

 

 

Net income

 

$
445,303 

 

$
206,351 

 

Weighted average shares

 
27,324,593 

 
24,867,019 

 

Basic income per share

 

$
0.02 

 

$
0.01 

 

Diluted EPS

 

 

 

 

 

Net income

 

$
445,303 

 

$
206,351 

 

Dilutive effect of stock options and convertible preferred stock

 
387,326 

 

—

 

Diluted weighted average shares

 
27,711,919 

 
24,867,019 

 

Diluted income per share

 

$
0.02 

 

$
0.01