EARNINGS PER SHARE

6 Months Ended

Sep. 30, 2014

Notes to Financial Statements

NOTE C - EARNINGS PER SHARE

Earnings Per Common Share:

The Company follows FASB ASC 260, Earnings Per Share. Basic earnings per share (“EPS”) is based on the weighted average number of common shares outstanding for the period, excluding the effects of any potentially dilutive securities. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Basic and diluted loss per common share was calculated using the following number of shares for the six months ended September 30, 2014 and September 30, 2013:

	2014		2013
Weighted average number of common shares outstanding		2,402,006		1,561,022