NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Net Income Per Share (Policies)

12 Months Ended

Mar. 31, 2023

Policies

Net Income Per Share

Net Income Per Share

Net income per basic share is computed based on the weighted-average number of common shares issued and outstanding during each year. Net income per diluted share amounts assume exercise of all stock options. The following table shows the components of diluted shares: 

	Year Ended March 31,
	2023		2022
Weighted average common shares outstanding – basic		4,830,826		4,833,661
Dilutive effect of stock options		1,270		1,978
Shares used in computing net income per share – diluted		4,832,096		4,835,639