Net Income Per Share

9 Months Ended

Dec. 31, 2013

Net Income Per Share [Abstract]

Net Income Per Share

NOTE 4. NET INCOME PER SHARE
Net income per basic share is computed based on the weighted-average number of common shares issued and outstanding during each period. Net income per diluted share amounts assume conversion, exercise or issuance of all potential common stock instruments (stock options and warrants). Stock options totaling 5,000 for the quarter and nine months ended December 31, 2012 were not included in the computation of diluted earnings per share because the exercise prices of the options and warrants were greater than the market price of the common stock and are considered anti-dilutive. The following table reflects the components of common shares outstanding:

	Quarter Ended Dec. 31
	2013	2012
Weighted average common shares outstanding – basic	4,842,565	4,847,619
Effect of dilutive securities:
Stock options	16,416	22,594
Warrants	620	1,806
Shares used in computing net income per share – diluted	4,859,601	4,872,019

	Nine Months Ended Dec. 31
	2013	2012
Weighted average common shares outstanding – basic	4,852,356	4,832,630
Effect of dilutive securities:
Stock options	15,128	22,430
Warrants	556	1,791
Shares used in computing net income per share – diluted	4,868,040	4,856,851