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EARNINGS PER SHARE (EPS) (Tables)
6 Months Ended
Sep. 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
September 30,
2016

 

Three Months
ended
September 30,
2015

 

Six Months
ended
September 30,
2016

 

Six Months
ended
September 30,
2015

 

Basic EPS

 

 

 

 

 

 

 

 

 

Net income

 

$

546,082 

 

$

254,606 

 

$

991,385 

 

$

460,957 

 

Weighted average number of shares outstanding

 

27,324,593 

 

26,113,433 

 

27,324,593 

 

25,460,435 

 

Basic income per share

 

$

0.02 

 

$

0.01 

 

$

0.04 

 

$

0.02 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income

 

$

546,082 

 

$

254,606 

 

$

991,385 

 

$

460,957 

 

Dilutive effect of stock options, warrants and preferred stock

 

696,202 

 

143,969 

 

611,505 

 

43,107 

 

Diluted weighted average shares

 

28,020,795 

 

26,257,402 

 

27,936,098 

 

25,503,542 

 

Diluted income per share

 

$

0.02 

 

$

0.01 

 

$

0.04 

 

$

0.02