Corrections to Previously Issued Financial Statements (Tables)

9 Months Ended

Dec. 31, 2014

Corrections to Previously Issued Financial Statements [Abstract]

Schedule of Corrections to Previously Issued Financial Statements

While the adjustments were immaterial, the Company elected to revise its previously reported diluted earnings per share as shown in the following table:

	Three Months Ended December 31, 2013				Nine Months Ended December 31, 2013
	As Reported		As Revised		As Reported		As Revised
Numerator:
Income from continuing operations	$	1,148,000	$	1,148,000	$	3,415,000	$	3,415,000
Income from discontinued operations		-		-		100,877,000		100,877,000
Net income	$	1,148,000	$	1,148,000	$	104,292,000	$	104,292,000

Demonimator:
Shares used for basic net income per share		14,618,930		14,618,930		14,513,864		14,513,864
Effect of potentially dilutive securities		643,567		810,826		306,477		431,073
Weighted average shares outstanding for diluted net income per share		15,262,497		15,429,756		14,820,341		14,944,937
Diluted net income per share from continuing operations	$	0.08	$	0.07	$	0.23	$	0.23
Diluted net income per share from discontinued operations		-		-		6.81		6.75
Diluted net income per share	$	0.08	$	0.07	$	7.04	$	6.98

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References+ Details