Three Months Ended December 31,

Nine Months Ended

December 31,

2013

2012

2013

2012

Basic EPS computation:

Numerator-net income

$

801,000

$

1,031,000

$

2,782,000

$

1,038,000

Denominator-weighted average common shares outstanding

22,370,277

22,345,644

22,364,142

22,339,509

Basic EPS

$

0.04

$

0.05

$

0.12

$

0.05

Diluted EPS computation:

Numerator-net income

$

801,000

$

1,031,000

$

2,782,000

$

1,038,000

Denominator-weighted average common shares outstanding

22,370,277

22,345,644

22,364,142

22,339,509

Effect of dilutive stock options

1,637

-

1,082

-

Weighted average common shares and common stock equivalents

22,371,914

22,345,644

22,365,224

22,339,509

Diluted EPS

$

0.04

$

0.05

$

0.12

$

0.05