Income (loss) Per Common Share (Tables)

3 Months Ended

Jun. 30, 2021

Income (loss) per common share:

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

The following is a reconciliation of the number of shares used in the calculation of basic and diluted net income (loss) per share for the three-month periods ended June 30, 2021 and 2020.

	2021		2020
Net income (loss)	$	395,006	$	(299,670	)
Shares outstanding:
Weighted average common shares outstanding – basic		2,076,756		2,040,166
Effect of the assumed exercise of dilutive stock options		43,199		-
Weighted average common shares outstanding – dilutive		2,119,955		2,040,166
Income (loss) per common share:
Basic	$	0.19	$	(0.15	)
Diluted	$	0.19	$	(0.15	)

For the three months ended June 30, 2021, no anti-dilutive shares relating to stock options were excluded from the computation of diluted net income. Due to a net loss for the three months ended June 30, 2020, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.