Net Income Per Share

9 Months Ended

Dec. 31, 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 nine months ended December 31, 2014 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 Dec. 31
	2014	2013
Weighted average common shares outstanding basic	4,857,953	4,842,565
Effect of dilutive securities:
Stock options	18,121	16,416
Warrants	-	620
Shares used in computing net income per share diluted	4,876,074	4,859,601

	Nine Months Ended Dec. 31
	2014	2013
Weighted average common shares outstanding basic	4,854,702	4,852,356
Effect of dilutive securities:
Stock options	16,568	15,128
Warrants	-	556
Shares used in computing net income per share diluted	4,871,270	4,868,040