Income (loss) Per Common Share (Tables)

9 Months Ended

Dec. 31, 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 and nine month periods ended December 31, 2021 and 2020:

	Three Months Ended				Nine Months Ended
	December 31				December 31
	2021		2020		2021		2020
Net income (loss)	$	753,302	$	80,497	$	1,857,136	$	(261,143	)
Shares outstanding:
Weighted avg. shares outstanding – basic		2,120,912		2,051,081		2,096,433		2,044,054
Effect of assumed exercise of dilutive stock options		55,328		3,207		50,284		-
Weighted avg. shares outstanding – dilutive		2,176,240		2,054,288		2,146,717		2,044,054
Income (loss) per common share:
Basic	$	0.36	$	0.04	$	0.89	$	(0.13	)
Diluted	$	0.35	$	0.04	$	0.87	$	(0.13	)