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EARNINGS PER SHARE (EPS)
 9 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)
NOTE 16 - EARNINGS PER SHARE (EPS)
 
Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average number of shares outstanding. Diluted EPS also includes the effect of stock options that would be dilutive. The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations, as required under FASB ASC 260:
 
 
 
Three months

ended

December 31,

2018
 
 
Three months

ended

December 31,

2017
 
 
Nine months

ended

December 31,

2018
 
 
Nine months

ended

December 31,

2017
 
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
218,022
 
 
$
(691,391
)
 
$
563,122
 
 
$
101,297
 
Basic weighted average shares
 
 
28,858,560
 
 
 
28,824,593
 
 
 
28,835,957
 
 
 
28,824,593
 
Basic income (loss) per share
 
$
0.01
 
 
$
(0.02
)
 
$
0.02
 
 
$
0.00
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
218,022
 
 
$
(691,391
)
 
$
563,122
 
 
$
101,297
 
Dilutive effect of stock options
 
 
1,568,658
 
 
 
—
 
 
 
1,322,552
 
 
 
740,248
 
Diluted weighted average shares
 
 
30,427,218
 
 
 
28,824,593
 
 
 
30,158,509
 
 
 
29,564,841
 
Diluted income (loss) per share
 
$
0.01
 
 
$
(0.02
)
 
$
0.02
 
 
$
0.00
 
 
All potential common share equivalents that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the three and nine months ended December 31, 2018 and 2017, there were 171,000 and 642,668, and 2,590,418 and 1,796,668, respectively, of potentially anti-dilutive stock options, none of which were included in the EPS calculations above.