BASIC AND DILUTED INCOME AND LOSS PER COMMON SHARE

6 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

BASIC AND DILUTED INCOME AND LOSS PER COMMON SHARE

Note 3. Basic and Diluted Income and Loss per Common Share

We report both basic and diluted net income (loss) per share. Basic net income or loss per common share is computed by dividing net income or loss for the period by the weighted average number of common shares outstanding for the period. Diluted net income or loss per common share is computed by dividing the net income or loss for the period by the weighted average number of common and potential common shares outstanding during the period if the effect of the potential common shares is dilutive. The shares used in the calculation of dilutive potential common shares exclude options to purchase shares where the exercise price was greater than the average market price of common shares for the period.

The following table presents the calculation of basic and diluted net loss per share:

	Three Months Ended				Six Months Ended
	September 30, 2020		September 30, 2019		September 20, 2020			September 30, 2019
Net income (loss)	$	8,786	$	29,886	$	(130,519	)	$	(152,009	)
Weighted-average basic shares outstanding		11,582,641		11,558,355		11,582,641			11,558,355
Effect of dilutive securities		162,520		33,719		—			—
Weighted-average diluted shares		11,745,161		11,592,074		11,582,641			11,558,355
Basic net income (loss) per share	$	0.00	$	0.00	$	(0.01	)	$	(0.01	)
Diluted net income (loss) per share	$	0.00	$	0.00	$	(0.01	)	$	(0.01	)
Antidilutive employee stock options and RSUs		913,480		958,567		1,076,000			992,286