Earnings Per Share

6 Months Ended

Sep. 30, 2011

Note 8. Earnings Per Share

The Company’s net earnings per share calculations are in accordance with FASB ASC 260-10. Accordingly, basic earnings (loss) per share are computed by dividing net earnings (loss) by the weighted average number of shares outstanding for each year. The calculation of loss per share is as follows:

	Three months ended						Six months ended
Basic and Diluted	September 30, 2011			October 1, 2010			September 30, 2011			October 1, 2010
Weighted Average Basic Shares Outstanding		30,827,000			25,659,000			30,756,000			25,164,000
Dilutive effect of Stock Options and Warrants		--			--			--			--
Weighted Average Diluted Shares Outstanding		30,827,000			25,659,000			30,756,000			25,164,000
Net loss	$	(254,000	)	$	(398,000	)	$	(236,000	)	$	(671,000	)
Basic & diluted loss per share	$	(0.01	)	$	(0.02	)	$	(0.01	)	$	(0.03	)

The dilutive effect of stock options for the three months and six-month periods ended September 30, 2011 and October 1, 2010 was not included in the calculation of diluted loss per share because to do so would have had an anti-dilutive effect as the Company had a net loss for the period. As of September 30, 2011, the number of anti-dilutive shares excluded from diluted earnings per share totaled approximately 1.8 million shares, which includes approximately 897,000 anti-dilutive warrants.