(Loss) Income Per Common Share (Tables)

12 Months Ended

Mar. 31, 2016

(Loss) income per common share:

Schedule of Reconciliation of Basic Net Loss Per Share and Diluted Loss Per Share

The following is a reconciliation of the number of shares used in the calculation of basic income per share and diluted income per share for the periods ended March 31:

	2016			2015			2014
Net (loss) income	$	(3,979,685	)	$	(340,986	)	$	301,113
Shares outstanding:
Weighted avg. common shares outstanding – basic		2,037,266			2,038,250			2,036,950
Effect of the assumed exercise of dilutive stock options		-			-			5,234
Weighted avg. common shares outstanding – dilutive		2,037,266			2,038,250			2,042,184
(Loss) income per common share:
Basic	$	(1.95	)	$	(0.17	)	$	0.15
Diluted	$	(1.95	)	$	(0.17	)	$	0.15