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EARNINGS PER SHARE
6 Months Ended
Sep. 30, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 6 - EARNINGS PER SHARE

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. Diluted EPS also includes the effect of stock options that would be dilutive. The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations for the three months ended:

Three Months ended

Three Months ended

Six Months ended

Six Months ended

    

September 30, 2022

    

September 30, 2021

    

September 30, 2022

    

September 30, 2021

Basic EPS

Net income (loss)

$

390,944

$

(220,413)

$

(110,221)

$

1,150,679

Weighted average shares

 

34,338,040

 

31,359,941

 

34,322,828

 

30,424,216

Net income (loss) per share

$

0.01

$

(0.01)

$

(0.00)

$

0.04

Diluted EPS

 

 

 

 

Net income (loss)

$

390,944

$

(220,413)

$

(110,221)

$

1,150,679

Dilutive effect of stock options

 

1,654,740

 

--

 

--

 

1,602,046

Weighted average shares

 

35,992,780

 

31,359,941

 

34,322,828

 

32,026,262

Net income (loss) per share

$

0.01

$

(0.01)

$

(0.00)

$

0.04

All potential common stock equivalents that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the six months ended September 30, 2022, there were potential anti-dilutive stock options and warrants of 1,668,495, none of which were included in the earnings per share calculations above. For the three months ended September 30, 2021, there were potential anti-dilutive stock options and warrants of 1,660,922, none of which were included in the earnings per share calculations above.