Loss Per Common Share

12 Months Ended

Mar. 31, 2020

Loss per common share:

Loss Per Common Share

10. Loss Per Common Share

Due to a net loss for the years ended March 31, 2020 and 2019, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

The following is a reconciliation of the number of shares used in the calculation of basic income per share and diluted income per share for the years ended March 31:

	2020			2019
Net loss	$	(99,478	)	$	(12,946	)
Shares outstanding:
Weighted avg. common shares outstanding – basic		2,040,166			2,039,412
Effect of the assumed exercise of dilutive stock options		-			-
Weighted avg. common shares outstanding – dilutive		2,040,166			2,039,412
Loss per common share:
Basic	$	(0.05	)	$	(0.01	)
Diluted	$	(0.05	)	$	(0.01	)