EX-11 2 december312017exhibit11.htm EXHIBIT 11 Exhibit


EXHIBIT 11
COMPUTATION OF EARNINGS (LOSS) PER SHARE
(Unaudited)

 
 
Three Months Ended
December 31,
 
Nine Months Ended December 31,
$ in thousands except per share data
 
2017
 
2016
Restated (1)
 
2017
 
2016
Restated (1)
Net loss(1)
 
$
(944
)
 
$
(893
)
 
$
(2,179
)
 
$
(819
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
 
3,698,020

 
3,697,220

 
3,697,753

 
3,696,968

Weighted average common shares outstanding - diluted
 
3,698,020

 
3,697,220

 
3,697,753

 
3,696,968

 
 
 
 
 
 
 
 
 
Basic loss per common share (1)
 
$
(0.26
)
 
$
(0.24
)
 
$
(0.59
)
 
$
(0.22
)
Diluted loss per common share (1)
 
$
(0.26
)
 
$
(0.24
)
 
$
(0.59
)
 
$
(0.22
)
(1) December 31, 2016 balances have been restated from previously reported results to correct for material and certain other errors from prior periods. Refer to Note 1 for further detail.