Loss Per Common Share (Tables)

9 Months Ended

Dec. 31, 2016

Loss per common share:

Schedule of Reconciliation of Basic Net Loss Per Share and Diluted Loss Per Share

The following is a reconciliation of the number of shares used in the calculation of basic net loss per share and diluted loss per share for the three and nine month periods ended December 31, 2016 and 2015:

	Three Months Ended						Nine Months Ended
	December 31						December 31
	2016			2015			2016			2015
Net loss	$	(159,741	)	$	(2,445,536	)	$	(691,099	)	$	(3,546,209	)
Shares outstanding:
Weighted avg. common shares outstanding – basic		2,037,266			2,037,266			2,037,266			2,037,266
Effect of the assumed exercise of dilutive stock options		-			-			-			-
Weighted avg. common shares outstanding – dilutive		2,037,266			2,037,266			2,037,266			2,037,266
Loss per common share:
Basic and diluted	$	(0.08	)	$	(1.20	)	$	(0.34	)	$	(1.74	)