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EARNINGS PER SHARE
 6 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 11 – EARNINGS PER SHARE
 
The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended September 30, 2018 and 2017. 57,200 IPO Underwriter Warrants, 50,000 stock options to the Company’s Chief Financial Officer and 100,000 stock options to the Company’s Head of U.S. Operations were anti-dilutive for the three and six months ended September 30, 2018 and accordingly excluded from the EPS calculation. 
 
 
 
 
Three Months Ended
September 30,
(in $000s except share and
per share information)
 
 
Six Months Ended
September 30,
(in $000s except share and
per share information)
 
 
 
2018
 
 
2017 
 
 
2018
 
 
2017
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
4,587
 
 
$
5,753
 
 
$3,702
 
 
$9,184
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share (weighted-average shares)
 
 
11,325,000
 
 
 
9,577,172
 
 
 
11,074,945
 
 
 
9,577,172
 
Dilutive securities – unexercised warrants and options
 
 
55,314
 
 
 
-
 
 
 
155,354
 
 
 
-
 
Denominator for diluted earnings per share (adjusted weighted-average shares)
 
 
11,380,314
 
 
 
9,577,172
 
 
 11,230,299
 
 
 9,577,172
 
Basic earnings per share
 
$
0.41
 
 
$
0.60
 
 
$
0.33
 
 
$
0.96
 
Diluted earnings per share
 
$
0.40
 
 
$
0.60
 
 
$
0.33
 
 
$
0.96