Loss Per Common Share

9 Months Ended

Dec. 31, 2014

Loss Per Common Share [Abstract]

Loss Per Common Share

(12) Loss Per Common Share

The following table sets forth the computation of basic and diluted net loss per share for the quarters and nine month periods ended December 31, 2014 and 2013:

	Quarter Ended December 31,				Nine Months Ended December 31,
	2014		2013		2014		2013
Numerator:
Net loss	$	(1,371,465)	$	(65,913)	$	(4,672,216)	$	(1,394,536)
Denominator for basic and diluted net loss per common
share:
Weighted average number of shares of common
stock outstanding – basic and diluted		39,999,984		36,878,092		39,921,424		36,794,834
Net loss per common share – basic and diluted	$	(0.03)	$	-	$	(0.12)	$	(0.04)

The following table sets forth the potential shares of common stock that are not included in the calculation of diluted net loss per share because to do so would be anti-dilutive as of the end of each period presented:

	December 31,
	2014		2013
Non-vested stock bonus plan shares		489,072		640,979
Stock options outstanding		3,098,982		3,591,637
Warrants to purchase common stock		1,489,733		-