EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

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.

As of December 31, 2021, the Company had outstanding convertible notes which represent 297,242 shares of common stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.

As of March 31, 2022, the Company had outstanding convertible notes which represent 304,288 shares of common stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.

As of December 31, 2022, the Company had outstanding convertible notes which represent 311,295 shares of common stock. These shares of common stock were excluded from the computation of diluted earnings per share since their effect would have been antidilutive.

Basic and diluted loss per common share was calculated using the following number of shares for the three and Nine months ended December 31, 2022, and 2021:

Three and Nine Months Ended December 31:	2022		2021
Weighted average number of common shares outstanding - Basic		3,461,022		3,461,022
Weighted average number of common shares outstanding - Diluted		3,461,022		3,461,022