EARNINGS PER SHARE

6 Months Ended

Sep. 30, 2015

Basis Of Presentation

3. EARNINGS PER SHARE

The Company follows FASB ASC 260, Earnings Per Share. Basic earnings per share (“EPS”) is based on the weighted average number of common shares outstanding for the period, excluding the effects of any potentially dilutive securities. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Basic and diluted loss per common share was calculated using the following number of shares for the six months ended September 30, 2015 and September 30, 2014:

	2015	2014
Weighted average number of common shares outstanding (basic and diluted)	3,461,022	2,402,006