Note 5 Income (Loss) Per Share

6 Months Ended

Sep. 30, 2010

Earnings Per Share [Text Block]

Note 5                      Income (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 periods ended September 30, 2010 does not include common stock equivalents, as these stock equivalents would be anti-dilutive.

	Three Months Ended		Three Months Ended
	September 30, 2011		September 30, 2010
Basic net income (loss) per share computation:
Net income (loss) attributable to common stockholders	$	103,316	$	(87,994	)
Weighted-average common shares outstanding	$	2,650,063		2,622,415
Basic net  income (loss) per share attributable to common stockholders	$	0.04	$	(0.03	)
Diluted net income (loss) per share computation
Net income (loss)  attributable to common stockholders	$	103,316	$	(87,994	)
Weighted-average common shares outstanding		2,650,063		2,622,415
Incremental shares attributable to the assumed exercise of        outstanding stock options		86,930		-
Total adjusted weighted-average shares		2,736,993		2,622,415
Diluted net income (loss) per share attributable to common stockholders	$	0.04	$	(0.03	)

	Six Months Ended		Six Months Ended
	September 30, 2011		September 30, 2010
Basic net income (loss) per share computation:
Net income (loss) attributable to common stockholders	$	279,165	$	(363,406	)
Weighted-average common shares outstanding		2,648,608		2,619,038
Basic net  income (loss) per share attributable to common stockholders	$	0.11	$	(0.14	)
Diluted net income (loss) per share computation
Net income (loss)  attributable to common stockholders	$	279,165	$	(363,406	)
Weighted-average common shares outstanding		2,648,608		2,615,038
Incremental shares attributable to the assumed exercise of        outstanding stock options		85,242		-
Total adjusted weighted-average shares		2,733,850		2,615,038
Diluted net income (loss) per share attributable to common stockholders	$	0.10	$	(0.14	)