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Net Income (Loss) per Share (Tables)
12 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Net income (loss) per share attributable to common stockholders has been computed according to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 260”), “Earnings per Share,” which requires a dual presentation of basic and diluted income (loss) per share (“EPS”). Basic EPS attributable to common stockholders represents net income (loss) less preferred dividends divided by the weighted average number of common shares outstanding during a reporting period. Diluted EPS attributable to common stockholders reflects the potential dilution that could occur if securities, including preferred stock and options, were converted into common stock. The dilutive effect of outstanding options is reflected in earnings per share by use of the treasury stock method. The dilutive effect of preferred stock is reflected in earnings per share by use of the if-converted 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.
   

March 31, 2024

   

March 31, 2023

 

Basic net income (loss) per share computation:

               

Net income (loss)

  $ 341,891     $ (388,545 )

Less: Preferred dividends

    (351,549 )     (320,000 )
                 

Net income (loss) attributable to common shareholders

    (9,658 )     (708,545 )

Weighted-average common shares outstanding

    3,255,887       3,255,887  

Basic net income (loss) per share

  $ 0.00     $ (0.22 )
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, 2024

   

March 31, 2023

 

Convertible preferred stock

    2,426,052       1,862,278  

Stock options

    99,000       99,000  
      2,525,052       1,961,278