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PER SHARE INFORMATION
6 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 12   -    PER SHARE INFORMATION
 
Basic earnings per share of common stock (“Basic EPS”) is computed by dividing the net (loss) income by the weighted-average number of shares of common stock outstanding. Diluted earnings per share of common stock (“Diluted EPS”) are computed by dividing the net (loss) income by the weighted-average number of shares of common stock, and dilutive common stock equivalents and convertible securities then outstanding. GAAP requires the presentation of both Basic and Diluted EPS, if such Diluted EPS is not anti-dilutive, on the face of Company’s Condensed Statements of Operations.
 
The calculation of Basic EPS and Diluted EPS is summarized as follows:
 
 
 
For the Three Months
 
For the Six Months
 
 
 
Ended September 30,
 
Ended September 30
 
 
 
2013
 
2012
 
2013
 
2012
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (loss) attributable to common shareholders - Basic
 
$
(9,637,513)
 
$
1,049,909
 
$
(8,715,846)
 
$
(9,472,186)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income attributable to common shareholders - Diluted
 
 
n/a
 
 
1,078,733
 
 
n/a
 
 
n/a
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding
 
 
421,991,654
 
 
348,298,807
 
 
405,073,773
 
 
342,712,859
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive effect of stock options, warrants and convertible securities
 
 
n/a
 
 
157,460,747
 
 
n/a
 
 
n/a
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.02)
 
$
(0.00)
 
$
(0.02)
 
$
(0.03)
 
Diluted
 
$
(0.02)
 
$
(0.00)
 
$
(0.02)
 
$
(0.03)