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Net Income (Loss) Per Share | 6 Months Ended
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Sep. 30, 2019
Net Income (Loss) Per Share [Abstract] |
Net Income (Loss) Per Share |
11. | Net Income (Loss) Per Share
Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share includes the effect, if any, from the potential exercise or conversion of securities, such as stock options and warrants, which would result in the issuance of incremental shares of common stock to the extent the effect is not anti-dilutive. The following presents a reconciliation of basic and diluted net income (loss) per share:
|  | Three Months Ended September 30, |  |  | Six Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net income (loss) |  | $ | 6,189,000 |  |  | $ | 3,513,000 |  |  | $ | 38,000 |  |  | $ | (1,982,000 | )
Basic shares |  |  | 18,903,182 |  |  |  | 18,878,674 |  |  |  | 18,862,901 |  |  |  | 18,887,214 |
Effect of potentially dilutive securities |  |  | 314,145 |  |  |  | 440,791 |  |  |  | 383,698 |  |  |  | - |
Diluted shares |  |  | 19,217,327 |  |  |  | 19,319,465 |  |  |  | 19,246,599 |  |  |  | 18,887,214 |
Net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic net income (loss) per share |  | $ | 0.33 |  |  | $ | 0.19 |  |  | $ | 0.00 |  |  | $ | (0.10 | )
Diluted net income (loss) per share |  | $ | 0.32 |  |  | $ | 0.18 |  |  | $ | 0.00 |  |  | $ | (0.10 | )
Potential common shares that would have the effect of increasing diluted net income per share or decreasing diluted net loss per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted net income (loss) per share. For the three months ended September 30, 2019 and 2018, there were 1,221,744 and 746,094, respectively, of potential common shares not included in the calculation of diluted net income (loss) per share because their effect was anti-dilutive. For the six months ended September 30, 2019 and 2018, there were 1,166,432 and 1,504,794, respectively, of potential common shares not included in the calculation of diluted net income (loss) per share because their effect was anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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