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AVERAGE SHARE INFORMATION
 6 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
AVERAGE SHARE INFORMATION AVERAGE SHARE INFORMATION
The following is a summary of the basic and diluted average common shares outstanding:
Three months ended September 30,Six months ended September 30,
2023202220232022
Basic:  
Weighted average common shares outstanding (denominator)5,780,061 5,726,469 5,776,417 5,733,613 
Diluted:  
Weighted average common shares outstanding5,780,061 5,726,469 5,776,417 5,733,613 
Dilutive potential common shares2158,644 — 138,606 — 
Weighted average diluted shares outstanding (denominator)5,938,705 5,726,469 5,915,023 5,733,613 
 
Options to purchase 298,954 and 340,236 shares of common stock at various prices were outstanding during the three months ended September 30, 2023 and 2022, respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares. 
Options to purchase 303,966 and 341,053 shares of common stock at various prices were outstanding during the six months ended September 30, 2023 and 2022, respectively, but were not included in diluted shares outstanding because the option exercise price exceeded the market value of the shares.