Note 4 - Earnings Per Share

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

4

:      Earnings per Share

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Weighted average shares exclude unallocated ESOP shares. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.

Both the basic and diluted earnings per share for the years ended

March 31, 2017

and

2016

are summarized below:

	Year Ended			Year Ended
	March 31, 2017			March 31, 2016
Net loss	$	(928,782	)	$	(92,616	)
Weighted average common shares outstanding - basic		3,180,292			3,169,181
Weighted average common shares outstanding - diluted		N/A			N/A
Loss per common share - basic and diluted	$	(0.29	)	$	(0.03	)
Anti-dilutive shares		118,911			91,425

During the years ended

March 31, 2017

and

2016,

none

of the common stock equivalents were dilutive due to the loss reported for each period.