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Loss per share

12 Months Ended

Mar. 31, 2014

18	Loss per share

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed in a manner consistent with that of basic earnings per share while giving effect to all potentially dilutive shares of common stock that were outstanding during the period, including stock options.

The diluted net loss per share is the same as the basic net loss per share for the years ended March 31, 2012, 2013 and 2014, as all potential ordinary shares (452,500 shares on March 31, 2012, 110,000 shares on March 31, 2013 and 70,000 shares on March 31, 2014) from the exercise of stock options are anti-dilutive and are therefore excluded from the computation of diluted net loss per share.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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