Net Income (Loss) per Share (Tables)

9 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended			Three Months Ended
	December 31, 2019			December 31, 2018
Basic net income per share computation:
Net income	$	907,577		$	639,453
Deemed dividend related to beneficial conversion feature               of Series B Convertible Preferred Stock		-			(420,000	)
Preferred dividends		(80,000	)		(112,807	)
Net income attributable to common shareholders	$	827,577		$	106,646
Weighted-average common shares outstanding		3,255,887			3,255,887
Basic net income per share	$	0.25		$	0.03
Diluted net income per share computation
Net income attributable to common shareholders	$	827,577		$	106,646
Add: Preferred dividends		80,000			-
Diluted income attributable to common shareholders	$	907,577		$	106,646
Weighted-average common shares outstanding		3,255,887			3,255,887
Incremental shares attributable to the assumed conversion of       preferred stock, and exercise of outstanding stock options and warrants		1,719,778			-
Total adjusted weighted-average shares		4,975,665			3,255,887
Diluted net income (loss) per share	$	0.18		$	0.03

	Nine Months Ended			Nine Months Ended
	December 31, 2019			December 31, 2018
Basic net income (loss) per share computation:
Net income (loss)	$	1,701,587		$	(298,030	)
Deemed dividend related to beneficial conversion feature               of Series B Convertible Preferred Stock		-			(420,000	)
Preferred dividends		(240,000	)		(232,807	)
Net income (loss) attributable to common shareholders	$	1,461,587		$	(950,837	)
Weighted-average common shares outstanding		3,255,887			3,255,887
Basic net income (loss) per share	$	0.45		$	(0.29	)
Diluted net income (loss) per share computation
Net income (loss) attributable to common shareholders	$	1,461,587		$	(950,837	)
Add: Preferred dividends		240,000			-
Diluted income (loss) attributable to common shareholders	$	1,701,587		$	(950,837	)
Weighted-average common shares outstanding		3,255,887			3,255,887
Incremental shares attributable to the assumed conversion of       preferred stock, and exercise of outstanding stock options and warrants		1,568,765			-
Total adjusted weighted-average shares		4,824,652			3,255,887
Diluted net income (loss) per share	$	0.35		$	(0.29	)

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 for the nine months ended:

	December 31, 2019		December 31, 2018
Convertible preferred stock		-		1,599,778
Stock options		118,500		42,500
Warrants		-		50,000
		118,500		1,692,278