XML 54 R41.htm IDEA: XBRL DOCUMENT v3.19.2
17. Net Diluted Income (Loss) per Share (Tables)
12 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

March 31, 2019

   

March 31, 2018

 

Basic net income (loss) per share computation:

               

  Net income (loss)

  $ 203,038     $ (4,322,311

)

Add: Deemed dividend related to beneficial conversion feature of Series B Convertible Preferred Stock

    (420,000

)

    -  

 Add: Preferred dividends

    (312,807

)

    (90,667

)

Net loss attributable to common shareholders

    (529,769

)

    (4,412,978

)

  Weighted-average common shares outstanding

    3,255,887       3,255,887  

  Basic net loss per share

  $ (0.16

)

  $ (1.36

)

Diluted net income (loss) per share computation

               

  Net income (loss)

  $ 203,038     $ (4,322,311

)

Add: Deemed dividend related to beneficial conversion feature of Series B Convertible Preferred Stock

    (420,000

)

    -  

  Add: Preferred dividends

    (312,807

)

    (90,667

)

  Diluted loss attributable to common shareholders

  $ (529,769

)

    (4,412,978

)

  Weighted-average common shares outstanding

    3,255,887       3,255,887  

  Incremental shares attributable to the assumed exercise of 

     preferred stock, outstanding stock options and warrants

    -       -  

  Total adjusted weighted-average shares

    3,255,887       3,255,887  

 Diluted net loss per share

  $ (0.16

)

  $ (1.36

)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes securities that, if exercised, would have an anti-dilutive effect on earnings per share:

   

March 31, 2019

   

March 31, 2018

 

Convertible preferred stock

    1,629,778       1,030,222  

Stock options

    42,500       72,500  

Warrants

    50,000       50,000  
      1,722,278       1,152,722