Income (Loss) Per Common Share (Tables)

9 Months Ended

Dec. 31, 2020

Income (loss) per common share:

Schedule of Reconciliation of Basic and Diluted Net Income (loss) Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted net income (loss) per share for the three and nine month periods ended December 31, 2020 and 2019:

	Three Months Ended				Nine Months Ended
	December 31				December 31
	2020		2019		2020			2019
Net income (loss)	$	80,047	$	35,196	$	(261,143	)	$	(101,777	)
Shares outstanding:
Weighted avg. shares outstanding – basic		2,051,081		2,040,166		2,044,054			2,040,166
Effect of assumed exercise of dilutive stock options		3,207		-		-			-
Weighted avg. shares outstanding – dilutive		2,054,288		2,040,166		2,044,054			2,040,166
Income (loss) per common share:
Basic	$	0.04	$	0.02	$	(0.13	)	$	(0.05	)
Diluted	$	0.04	$	0.02	$	(0.13	)	$	(0.05	)