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EARNINGS PER SHARE
 3 Months Ended
Jun. 30, 2022
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 6 - EARNINGS PER SHARE

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. Diluted EPS also includes the effect of stock options that would be dilutive. The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations for the three months ended:

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June 30, 

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June 30, 

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2022

    

2021

Basic EPS

​

​

​

​

​

​

Net (loss) income

​

$

(501,165)

​

$

1,371,092

Weighted average shares

​

 

34,307,450

​

 

29,498,662

Net (loss) income per share

​

$

(0.01)

​

$

0.05

Diluted EPS

​

 

​

​

 

​

Net (loss) income

​

$

(501,165)

​

$

1,371,092

Dilutive effect of stock options

​

 

—

​

 

1,555,448

Weighted average shares

​

 

34,307,450

​

 

31,054,110

Net (loss) income per share

​

$

(0.01)

​

$

0.04

​

All potential common stock equivalents that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. For the three months ended June 30, 2022, there were potential anti-dilutive stock options and warrants of 2,720,000 and 100,000, respectively, none of which were included in the earnings per share calculations above.