Basic and Diluted Income and Loss per Common Share

6 Months Ended

Sep. 30, 2023

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 income (loss) per share:

	Three Months Ended						Six Months Ended
	September 30, 2022						September 30, 2023
Net income (loss)	$	(7,529	)	$	(279,320	)	$	(147,983	)	$	(14,720	)
Weighted-average basic shares outstanding		11,769,543			11,751,631			11,769,543			11,735,499
Effect of dilutive securities		—			—			—			—
Weighted-average diluted shares		11,769,543			11,751,631			11,769,543			11,735,499
Basic net income (loss) per share	$	0.00		$	(0.02	)	$	(0.01	)	$	0.00
Diluted net income (loss) per share	$	0.00		$	(0.02	)	$	(0.01	)	$	0.00
Antidilutive employee stock options		1,049,000			1,058,000			1,049,000			1,058,000