Income Per Common Share (Tables)

12 Months Ended

Mar. 31, 2023

Income 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 income per share and diluted income per share for the years ended March 31:

	2023		2022
Net income	$	4,662,702	$	2,855,066
Shares outstanding:
Weighted avg. common shares outstanding – basic		2,146,491		2,104,896
Effect of the assumed exercise of dilutive stock options		62,172		53,195
Weighted avg. common shares outstanding – dilutive		2,208,663		2,158,091
Income per common share:
Basic	$	2.17	$	1.36
Diluted	$	2.11	$	1.32