Loss Per Common Share

12 Months Ended

Mar. 31, 2017

Loss per common share:

Loss Per Common Share

10. Loss Per Common Share

Due to a net loss for the years ended March 31, 2017, 2016 and 2015, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

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:

	2017			2016			2015
Net loss	$	(694,553	)	$	(3,979,685	)	$	(340,986	)
Shares outstanding:
Weighted avg. common shares outstanding – basic		2,037,266			2,037,266			2,038,250
Effect of the assumed exercise of dilutive stock options		-			-			-
Weighted avg. common shares outstanding – dilutive		2,037,266			2,037,266			2,038,250
Loss per common share:
Basic	$	(0.34	)	$	(1.95	)	$	(0.17	)
Diluted	$	(0.34	)	$	(1.95	)	$	(0.17	)