XML 22 R13.htm IDEA: XBRL DOCUMENT v3.22.4
EARNINGS PER SHARE
 9 Months Ended
Dec. 31, 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 periods ended:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months ended

​

Three Months ended

​

Nine Months ended

​

Nine Months ended

​

    

December 31, 2022

    

December 31, 2021

    

December 31, 2022

    

December 31, 2021

Basic EPS

​

​

​

​

​

​

​

​

​

​

​

​

Net income (loss)

​

$

133,975

​

$

(904,680)

​

$

23,754

​

$

245,999

Weighted average shares

​

 

34,443,959

​

 

34,286,580

​

 

34,363,352

​

 

31,716,353

Net income (loss) per share

​

$

0.00

​

$

(0.03)

​

$

0.00

​

$

0.01

Diluted EPS

​

 

​

​

 

​

​

 

​

​

 

​

Net income (loss)

​

$

133,975

​

$

(904,680)

​

$

23,754

​

$

245,999

Dilutive effect of stock options

​

 

1,690,750

​

 

—

​

 

1,676,116

​

 

1,678,770

Weighted average shares

​

 

36,134,709

​

 

34,286,580

​

 

36,039,468

​

 

33,395,123

Net income (loss) per share

​

$

0.00

​

$

(0.03)

​

$

0.00

​

$

0.01

​

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 December 31, 2021, there were potential anti-dilutive stock options and warrants of 2,820,000, none of which were included in the earnings per share calculations above.