Note 5 - Income (Loss) Per Share (Tables)

6 Months Ended

Sep. 30, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

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 loss per share for the three and six months ended September 30, 2012 do not include common stock equivalents, as these stock equivalents would be anti-dilutive.

	Three Months Ended			Three Months Ended
	September 30, 2012			September 30, 2011
Basic net income (loss) per share computation:
Net income (loss) attributable to common stockholders	$	(429,705	)	$	$   103,316
Weighted-average common shares outstanding		2,717,585			2,650,063
Basic net income (loss) per share attributable to        common stockholders	$	(0.16	)	$	0.04
Diluted net income (loss)  per share computation
Net income (loss) attributable to common stockholders	$	(429,705	)	$	$   103,316
Weighted-average common shares outstanding		2,717,585			2,650,063
Incremental shares attributable to the assumed exercise      of outstanding stock options		-			86,930
Total adjusted weighted-average shares		2.717,585			2,736,993
Diluted net income (loss) per share attributable to        common stockholders	$	(0.16	)	$	0.04

	Six Months Ended			Six Months Ended
	September 30, 2012			September 30, 2011
				(Restated)
Basic net income (loss) per share computation:
Net income (loss) attributable to common stockholders	$	(1,098,505	)		$	22,521
Weighted-average common shares outstanding		2,708,335				2,648,608
Basic net income (loss) per share attributable to       common stockholders	$	(0.41	)		$	0.01
Diluted net income (loss) per share computation
Net income (loss) attributable to common stockholders	$	(1,098,505	)		$	22,521
Weighted-average common shares outstanding		2,708,335				2,648,608
Incremental shares attributable to the assumed exercise      of outstanding stock options		-				85,242
Total adjusted weighted-average shares		2,708,335				2,733,850
Diluted net income (loss) per share attributable to       common stockholders	$	(0.41	)		$	0.01