Income Per Common Share (Tables)

9 Months Ended

Dec. 31, 2024

Income 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 per share for the three and nine month periods ended December 31, 2024 and 2023:

	Three Months Ended				Nine Months Ended
	December 31				December 31
	2024		2023		2024		2023
Net income	$	469,133	$	345,610	$	1,077,370	$	1,080,657
Shares outstanding:
Weighted avg. shares outstanding – basic		2,046,000		2,103,503		2,070,086		2,120,611
Effect of assumed exercise of dilutive stock options		45,808		48,280		44,850		49,097
Weighted avg. shares outstanding – dilutive		2,091,808		2,151,783		2,114,936		2,169,708
Income per common share:
Basic	$	0.23	$	0.16	$	0.52	$	0.51
Diluted	$	0.22	$	0.16	$	0.51	$	0.50