EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 8 – EARNINGS PER SHARE

FASB ASC 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 March 31, 2023 and 2022, except as follows:

	March 31, 2023		March 31, 2022
Preferred stock		25,000,000		25,000,000
Warrants		-		-
Options		-		-
Convertible debt		180,093,333		339,053,333
Total		205,093,333		364,053,333