8. INCOME (LOSS) PER SHARE

6 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

NOTE 8 - INCOME (LOSS) PER SHARE

Income (loss) per share is calculated under two different methods, basic and diluted. Basic income (loss) per share is calculated by dividing the net income (loss) by the weighted average shares of common stock outstanding during the period. Diluted income (loss) per share is calculated by dividing the net income (loss) by the weighted average shares of common stock outstanding during the period and dilutive potential shares of common stock. Dilutive potential shares of common stock, as determined under the treasury stock method, consist of shares of common stock issuable upon exercise of stock warrants or options, net of shares of common stock assumed to be repurchased by the Company from the exercise proceeds.

Stock options and warrants aggregating approximately 6 million shares and 411 million shares, respectively, were not included in the diluted calculation for the six months ended September 30, 2013 and the three months ended September 30, 2012 since they were anti-dilutive. Since the Company incurred a loss for the three months ended September 30, 2013 and the six months ended September 30, 2012, the potential shares of common stock consisting of approximately 413 million shares and 413 million shares, respectively, issuable under warrants and stock options were not included in the diluted calculations since they were anti-dilutive. Income (loss) per share for the three and six months ended September 30, 2013 and 2012 was computed as shown below.

	Three months ended September 30,					Six months ended September 30,
	2013			2012		2013		2012
Numerator:
Net income (loss) attributable to Integrated Healthcare Holdings, Inc.	$	(20,383	)	$	2,582	$	25,022	$	(892	)
Denominator:
Weighted average common shares		255,307			255,307		255,307		255,307
Dilutive options		–			1,680		217,571		–
Denominator for diluted calculation		255,307			256,987		472,878		255,307
Income (loss) per share - basic	$	(0.08	)	$	0.01	$	0.10	$	(0.00	)
Income (loss) per share - diluted	$	(0.08	)	$	0.01	$	0.05	$	(0.00	)