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EARNINGS PER SHARE (EPS)
 9 Months Ended
Dec. 31, 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

     

Nine Months ended

     

Nine Months ended

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December 31, 2023

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December 31, 2022

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December 31, 2023

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December 31, 2022

Basic EPS

​

​

​

​

​

​

​

​

​

​

​

​

Net (loss) income

​

$

(865,334)

​

$

133,975

​

$

(1,921,122)

​

$

23,754

Weighted average shares

​

 

8,759,171

​

​

8,610,990

​

​

8,698,034

​

​

8,590,838

Net (loss) earnings per share

​

$

(0.10)

​

$

0.02

​

$

(0.22)

​

$

0.00

Diluted EPS

​

​

​

​

​

​

​

​

​

​

​

​

Net (loss) income

​

$

(865,334)

​

$

133,975

​

$

(1,921,122)

​

$

23,754

Dilutive effect of stock options

​

 

—

​

​

422,687

​

​

—

​

​

419,029

Weighted average shares

​

 

8,759,171

​

​

9,033,677

​

​

8,698,034

​

​

9,009,867

Net (loss) earnings per share

​

$

(0.10)

​

$

0.01

​

$

(0.22)

​

$

0.00

​

​

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 nine months ended December 31, 2023 there were anti-dilutive stock options and warrants of 567,500 and 567,500, respectively, none of which were included in the earnings per share calculations above.