EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE

NOTE 8 - EARNINGS PER SHARE

NOTE 8 – EARNINGS PER SHARE

FASB ASC Topic 260, “Earnings Per Share,” requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (EPS) computations.

Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

The Company had no potential additional dilutive securities outstanding at December 31, 2021 or March 31, 2021, except as follows:

	December 31, 2021		March 31, 2021
Preferred stock		25,000,000		25,000,000
Warrants		14,750,000		14,750,000
Options		8,000,000		8,000,000
Convertible debt		339,053,333		152,763,705
Total		386,803,333		200,513,705