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Earnings Per Share | 6 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 14 – EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended September 30, 2023 and 2022. As of September 30, 2023, 555,100 RSUs and stock options were outstanding. For the three and six months ended September 30, 2023, all RSUs and stock options were excluded from the EPS calculation as the result would be anti-dilutive. For the three months ended September 30, 2022, all RSUs, warrants and stock options were excluded from the EPS calculation as the result would be anti-dilutive. For the six months ended September 30, 2022, 1,193,700 warrants, and stock options were excluded from the EPS calculation as the result would be anti-dilutive.
|  | Three Months Ended September 30, (Unaudited) |  |  | Six Months Ended September 30, (Unaudited) |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Jerash Holdings (US), Inc.’s Common Stockholders |  | $ | 365,617 |  |  | $ | 1,791,752 |  |  | $ | 862,143 |  |  | $ | 3,513,134 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share (weighted-average shares) |  |  | 12,294,840 |  |  |  | 12,498,431 |  |  |  | 12,294,840 |  |  |  | 12,416,823 |
Dilutive securities – unexercised RSUs, warrants, and options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 68,689 |
Denominator for diluted earnings per share (adjusted weighted-average shares) |  |  | 12,294,840 |  |  |  | 12,498,431 |  |  |  | 12,294,840 |  |  |  | 12,485,512 |
Basic and diluted earnings per share |  | $ | 0.03 |  |  | $ | 0.14 |  |  | $ | 0.07 |  |  | $ | 0.28 |

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