Note 5. Earnings (Loss) Per Share

3 Months Ended

Jun. 30, 2010

Earnings Per Share [Text Block]

Note 5                      Earnings (Loss) Per Share

Financial Accounting Standards Board (“FASB”) ASC 260 requires presentation of basic earnings per share ("basic EPS") and diluted earnings per share ("diluted EPS").

The Company’s basic income (loss) per common share is based on net income (loss) for the relevant period, divided by the weighted average number of common shares outstanding during the period.  Diluted income (loss) per common share is based on net income (loss), divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding stock options. Diluted loss per share for the period ended June 30, 2010 does not include common stock equivalents, as these stock equivalents would be anti-dilutive.

	Three Months Ended		Three Months Ended
	June 30, 2011		June 30, 2010
Basic net loss per share computation:
Net Income (loss) attributable to common stockholders	$	$175,849	$	(275,412	)
Weighted-average common shares outstanding		2,647,138		2,615,625
Basic net income (loss) per share attributable to common stockholders	$	0.07	$	(0.11	)
Diluted net loss per share computation
Net Income (loss) attributable to common stockholders	$	$175,849	$	(275,412	)
Weighted-average common shares outstanding		2,647,138		2,615,625
Incremental shares attributable to the assumed exercise of outstanding stock options		84,611		-
Total adjusted weighted-average shares		2,731,749		2,615,625
Diluted net income (loss) per share attributable to common stockholders	$	0.06	$	(0.11	)