Loss Per Share

6 Months Ended

Sep. 30, 2020

Loss Per Share [Abstract]

LOSS PER SHARE

Note 24 – LOSS PER SHARE

The Company reports earnings per share in accordance with the provisions of the FASB’s related accounting standard. This standard requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution, but includes vested restricted stocks and is computed by dividing income available to common stockholders by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock.

The following is a reconciliation of the basic and diluted (loss) earnings per share computation:

	Three months ended September 30,						Six months ended September 30,
	2020			2019			2020			2019
Net income attributable to controlling interest	$	(1,493,719	)	$	(1,224,963	)	$	(1,725,228	)	$	(3,359,914	)
Weighted average shares used in basic computation		37,961,790			32,936,786			36,232,144			32,696,348
Diluted effect of purchase options and warrants		-			-			-			-
Weighted average shares used in diluted computation		37,961,790			32,936,786			36,232,144			32,696,348
Income per share – Basic:
Net loss attributable to controlling interest	$	(0.04	)	$	(0.04	)	$	(0.05	)	$	(0.10	)
Loss per share – Diluted:
Net loss attributable to controlling interest	$	(0.04	)	$	(0.04	)	$	(0.05	)	$	(0.10	)

For the three and six months ended September 30, 2020, 967,000 shares underlying employee stock options and 575,000 shares underlying outstanding purchase options to an investor, and 72,000 shares underlying outstanding purchase option to an investment placement agent were excluded from the calculation of diluted loss per share as the options were anti-dilutive.