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EARNINGS PER SHARE (EPS)
 6 Months Ended
Sep. 30, 2023
EARNINGS PER SHARE (EPS)  
EARNINGS PER SHARE (EPS)

NOTE 5 – EARNINGS PER SHARE (EPS)

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average number of 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:

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Three Months ended

    

Three Months ended

     

Six Months ended

     

Six Months ended

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September 30, 2023

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September 30, 2022

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September 30, 2023

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September 30, 2022

Basic EPS

​

​

​

​

​

​

​

​

​

​

​

​

Net (loss) income

​

$

(528,333)

​

$

390,944

​

$

(1,055,788)

​

$

(110,221)

Weighted average shares

​

 

8,720,603

​

​

8,584,510

​

​

8,667,298

​

​

8,580,707

Net (loss) earnings per share

​

$

(0.06)

​

$

0.05

​

$

(0.12)

​

$

(0.01)

Diluted EPS

​

​

​

​

​

​

​

​

​

​

​

​

Net (loss) income

​

$

(528,333)

​

$

390,944

​

$

(1,055,788)

​

$

(110,221)

Dilutive effect of stock options

​

 

—

​

​

413,685

​

​

—

​

​

—

Weighted average shares

​

 

8,720,603

​

​

8,998,195

​

​

8,667,298

​

​

8,580,707

Net (loss) earnings per share

​

$

(0.06)

​

$

0.04

​

$

(0.12)

​

$

(0.01)

​

​

All potential common stock equivalents that have an anti-dilutive effect are excluded from the calculation of diluted EPS (i.e., those that increase income per share or decrease loss per share). For the three months and six months ended September 30, 2023 there were potential anti-dilutive stock options and warrants of 567,500, none of which were included in the earnings per share calculations above. For the six months ended September 30, 2022, there were potential anti-dilutive stock options and warrants of 417,124, none of which were included in the earnings per share calculations above.