(Loss) Income Per Common Share (Tables)

6 Months Ended

Sep. 30, 2015

Income Per Common Share Tables

Schedule of Reconciliation of Basic Net (Loss) Income Per Share and Diluted (Loss) Income Per Share

The following is a reconciliation of the number of shares used in the calculation of basic net (loss) income per share and diluted (loss) income per share for the three and six month periods ended September 30, 2015 and 2014.

	Three Months Ended					Six Months Ended
	September 30					September 30
	2015			2014		2015			2014
Net (loss) income	$	(776,307	)	$	86,256	$	(1,100,673	)	$	105,310
Shares outstanding:
Weighted avg. shares outstanding – basic		2,037,266			2,038,266		2,037,266			2,038,266
Effect of assumed exercise of dilutive stock options		-			14,892		-			15,737
Weighted avg. shares outstanding – dilutive		2,037,266			2,053,158		2,037,266			2,054,003
(Loss) income per common share:
Basic	$	(0.38	)	$	0.04	$	(0.54	)	$	0.05
Diluted	$	(0.38	)	$	0.04	$	(0.54	)	$	0.05