Income Per Common Share (Tables)

12 Months Ended

Mar. 31, 2024

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:

	2024		2023
Net income	$	1,344,952	$	4,662,702
Shares outstanding:
Weighted avg. common shares outstanding – basic		2,114,360		2,146,491
Effect of the assumed exercise of dilutive stock options		46,650		62,172
Weighted avg. common shares outstanding – dilutive		2,161,010		2,208,663
Income per common share:
Basic	$	0.64	$	2.17
Diluted	$	0.62	$	2.11