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Note 5 - Loss Per Share
 9 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 5 – Loss Per Share

Net (loss) income per share has been computed according to FASB ASC 260, “Earnings per Share,” which requires a dual presentation of basic and diluted earnings (loss) per share (“EPS”). Basic EPS represents net (loss) income divided by the weighted average number of common shares outstanding during a reporting period. Diluted EPS reflects the potential dilution that could occur if securities, including warrants and options, were converted into common stock. The dilutive effect of outstanding warrants and options is reflected in earnings per share by use of the treasury stock method. In applying the treasury stock method for stock-based compensation arrangements, the assumed proceeds are computed as the sum of the amount the employee must pay upon exercise and the amounts of average unrecognized compensation costs attributed to future services.

Diluted loss per share for the three and nine months ended December 31, 2013 and 2012 does not include common stock equivalents, as these stock equivalents would be anti-dilutive.

   
Three Months Ended
   
Three Months Ended
 
   
December 31,
2013
   
December 31,
2012
 
Basic net loss per share computation:
           
 Net loss
 
$
(145,933
)
 
$
(545,177
)
  Weighted-average common shares outstanding
   
3,247,387
     
2,912,516
 
  Basic net loss per share
 
$
(0.04
)
 
$
(0.19
)
Diluted net loss  per share computation:
               
  Net loss
 
$
(145,933
)
 
$
(545,177
)
  Weighted-average common shares outstanding
   
3,247,387
     
2,912,516
 
  Incremental shares attributable to the assumed exercise of outstanding stock options
   
-
     
-
 
  Total adjusted weighted-average shares
   
3,247,387
     
2,912,516
 
  Diluted net loss per share
 
$
(0.04
)
 
$
(0.19
)

   
Nine Months Ended
   
Nine Months Ended
 
   
December 31,
2013
   
December 31,
2012
 
Basic net loss per share computation:
           
 Net loss
 
$
(304,179
)
 
$
(1,643,682
)
  Weighted-average common shares outstanding
   
3,189,123
     
2,776,643
 
  Basic net loss per share
 
$
(0.10
)
 
$
(0.59
)
Diluted net loss  per share computation:
               
  Net loss
 
$
(304,179
)
 
$
(1,643,682
)
  Weighted-average common shares outstanding
   
3,189,123
     
2,776,643
 
  Incremental shares attributable to the assumed exercise of outstanding stock options
   
-
     
-
 
  Total adjusted weighted-average shares
   
3,189,123
     
2,776,643
 
  Diluted net loss per share
 
$
(0.10
)
 
$
(0.59
)