EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2016

Notes to Financial Statements

NOTE 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 nine months ended December 31, 2016 and December 31, 2015:

	2016	2015
Weighted average number of common shares outstanding (basic and diluted)	3,461,022	3,461,022