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Net Loss per Share
 3 Months Ended
Jun. 30, 2020
Net Loss Per Share [Abstract]  
Net Loss per Share
11. Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss income 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 such impact is not anti-dilutive.

The following presents a reconciliation of basic and diluted net loss per share:

 
  
Three Months Ended
June 30,
  
 
  
2020
    
2019
  
Net loss
  
$
(3,012,000
)
  
$
(6,151,000
)
Basic shares
    
18,976,178
      
18,822,178
  
Effect of potentially dilutive securities
    
-
      
-
  
Diluted shares
    
18,976,178
      
18,822,178
  
Net loss per share:
                
                 
Basic net loss per share
  
$
(0.16
)
  
$
(0.33
)
                 
Diluted net loss per share
  
$
(0.16
)
  
$
(0.33
)

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 loss per share. For the three months ended June 30, 2020 and 2019, there were 2,133,786 and 1,520,811, respectively, of potential common shares not included in the calculation of diluted net loss per share because their effect was anti-dilutive.