Earnings Per Share

3 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the three months ended June 30, 2021 and 2020. As of June 30, 2021, 1,530,910 RSUs, warrants, and stock options were outstanding. For the three months ended June 30, 2021 and 2020, 1,043,700 and 1,403,910 warrants and stock options were excluded from the EPS calculation, respectively, as the result would be anti-dilutive.

	Three Months Ended
	June 30,
	2021		2020
Numerator:
Net income attributable to Jerash Holdings (US), Inc.’s Common Stockholders	$	1,934,683	$	813,859
Denominator:
Denominator for basic earnings per share (weighted-average shares)		11,333,934		11,325,000
Dilutive securities – unexercised warrants and options		20,746		5,210
Denominator for diluted earnings per share (adjusted weighted-average shares)		11,354,680		11,330,210
Basic and diluted earnings per share	$	0.17	$	0.07