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EARNINGS PER SHARE (EPS) (Tables)
9 Months Ended
Dec. 31, 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
December 31,
2016

 

Three Months
ended
December 31,
2015

 

Nine Months
ended
December 31,
2016

 

Nine Months
ended
December 31,
2015

 

Basic EPS

 

 

 

 

 

 

 

 

 

Net income

 

$

992,094 

 

$

12,003 

 

$

1,983,479 

 

$

472,960 

 

Weighted average number of shares outstanding

 

28,156,115 

 

27,324,593 

 

27,602,775 

 

26,084,080 

 

Basic income per share

 

$

0.03 

 

$

0.00 

 

$

0.07 

 

$

0.02 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

Net income

 

$

992,094 

 

$

12,003 

 

$

1,983,479 

 

$

472,960 

 

Dilutive effect of stock options, warrants and preferred stock

 

717,122 

 

185,387 

 

658,335 

 

126,126 

 

Diluted weighted average shares

 

28,873,237 

 

27,509,980 

 

28,261,110 

 

26,210,206 

 

Diluted income per share

 

$

0.03 

 

$

0.00 

 

$

0.07 

 

$

0.02