Earnings Per Share

6 Months Ended

Sep. 28, 2012

Earnings Per Share

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 period.  The calculation of loss per share is as follows

	Three months ended
Basic and Diluted	September 28, 2012			September 30, 2011
Weighted Average Basic Shares Outstanding		31,161,000			30,827,000
Dilutive effect of Stock Options and Warrants		--			--
Weighted Average Diluted Shares Outstanding		31,161,000			30,827,000
Net income (loss)	$	(1,287,000	)	$	(254,000	)
Basic and Diluted income (loss) per share	$	(0.04	)		(0.01	)

	Six months ended
Basic and Diluted	September 28, 2012			September 30, 2011
Weighted Average Basic Shares Outstanding		31,161,000			30,756,000
Dilutive effect of Stock Options and Warrants		--			--
Weighted Average Diluted Shares Outstanding		31,161,000			30,756,000
Net income (loss)	$	(2,280,000	)	$	(236,000	)
Basic and Diluted income (loss) per share	$	(0.07	)		(0.01	)

The dilutive effect of stock options and warrants for each of the periods 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 28, 2012, the number of anti-dilutive shares excluded from diluted earnings per share totaled approximately 2.3 million shares, which includes 267,000 anti-dilutive warrants.