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16. Net Diluted Income (Loss) per Share
 12 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
16.                  Net Diluted Income (Loss) per Share

Net income (loss) 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.

   
March 31, 2015
   
March 31, 2014
 
Basic net income (loss) per share computation:
           
  Net income(loss)
 
$
(280,440
) 
 
$
261,528
 
  Weighted-average common shares outstanding
   
3,253,992
     
3,204,028
 
  Basic net  income (loss) per share
 
$
(0.09
) 
 
$
0.08
 
Diluted net income (loss) per share computation
               
  Net income (loss)
 
$
(280,440
) 
 
$
261,528
 
  Add: Change in fair value of warrants
   
-
     
71,757
 
  Diluted income (loss)
   
(280,440
) 
   
333,285
 
  Weighted-average common shares outstanding
   
3,253,992
     
3,204,028
 
  Incremental shares attributable to the assumed exercise
     of outstanding stock options and warrants
   
-
     
24,866
 
  Total adjusted weighted-average shares
   
3,253,992
     
3,228,894
 
  Diluted net income (loss) per share
 
$
(0.09
) 
 
$
0.10
 

For the year ended March 31, 2015, all outstanding warrants and options were excluded from the computation of diluted loss per share because their effect would be anti-dilutive.

For the year ended March 31, 2014, 78,000 stock options and 147,336 warrants were excluded from the computation of diluted income per share as their effect would be anti-dilutive.