Note 3 - Net Earnings Per Share

3 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

3. Net Earnings Per Share

Basic earnings per share has been calculated by dividing net earnings by the weighted average number of common shares outstanding during each period. For purposes of calculating diluted earnings per share, shares issuable under employee and director stock options were considered potential common shares and were included in the weighted average common shares unless they were anti-dilutive.

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The computation of basic and diluted earnings per common share is as follows:

	Three Months Ended June 30,
	2015			2014
Net Income (Loss)	$	(736,040	)	$	72,797
Earnings (Loss) Per Share:
Basic	$	(0.31	)	$	0.03
Diluted	$	(0.31	)	$	0.03
Weighted Average Shares Outstanding:
Basic		2,372,527			2,355,028
Diluted		2,372,527			2,379,576

The Company reported a net loss for the three-month period ended June 30, 2015. As a result of the net loss, there is no potential dilutive effect of outstanding stock options. For the three-month period ended June 30, 2014, there were no stock options outstanding that were anti-dilutive.