Net Income Per Share

6 Months Ended

Sep. 30, 2014

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 4,000 for the quarter and six months ended September 30, 2014 and 13,000 for the quarter and six months ended September 30, 2013 were not included in the computation of diluted earnings per share because the exercise prices of the options 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 Sept. 30
	2014	2013
Weighted average common shares outstanding basic	4,855,071	4,852,178
Effect of dilutive securities:
Stock options	16,958	20,435
Warrants	-	493
Shares used in computing net income per share diluted	4,872,029	4,873,106

	Six Months Ended Sept. 30
	2014	2013
Weighted average common shares outstanding basic	4,853,068	4,857,279
Effect of dilutive securities:
Stock options	15,701	20,798
Warrants	-	522
Shares used in computing net income per share diluted	4,868,769	4,878,599