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PER SHARE INFORMATION
6 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 15
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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
 
 
 
2015
 
2014
 
2015
 
2014
 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income (loss) attributable to common shareholders – Basic
 
$
(7,002,780)
 
$
21,379,824
 
$
9,074,778
 
$
16,978,014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive instruments on Net Income
 
 
2,921,619
 
 
(25,511,236)
 
 
(10,721,215)
 
 
(23,944,980)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income attributable to common shareholders – Diluted
 
$
(4,081,161)
 
$
(4,131,412)
 
$
(1,646,437)
 
$
(6,966,966)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding - basic
 
 
665,330,431
 
 
577,691,292
 
 
656,141,476
 
 
565,150,231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dilutive effect of stock options, warrants and convertible securities
 
 
158,164,848
 
 
162,178,204
 
 
158,164,848
 
 
162,178,204
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding - diluted
 
 
823,495,279
 
 
739,869,496
 
 
814,306,324
 
 
733,633,231
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.01)
 
$
0.04
 
$
0.01
 
$
0.03
 
Diluted
 
$
(0.00)
 
$
(0.01)
 
$
(0.00)
 
$
(0.01)