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(Loss) Income Per Common Share (Tables) | 12 Months Ended
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Mar. 31, 2016
(Loss) income per common share: |
Schedule of Reconciliation of Basic Net Loss Per Share and Diluted Loss Per Share | The following is a reconciliation of the number of shares used in the calculation of basic income per share and diluted income per share for the periods ended March 31:
|  | 2016 |  |  | 2015 |  |  | 2014 |
Net (loss) income |  | $ | (3,979,685 | ) |  | $ | (340,986 | ) |  | $ | 301,113 |
Shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |
Weighted avg. common shares outstanding – basic |  |  | 2,037,266 |  |  |  | 2,038,250 |  |  |  | 2,036,950 |
Effect of the assumed exercise of dilutive stock options |  |  | - |  |  |  | - |  |  |  | 5,234 |
Weighted avg. common shares outstanding – dilutive |  |  | 2,037,266 |  |  |  | 2,038,250 |  |  |  | 2,042,184 |
(Loss) income per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (1.95 | ) |  | $ | (0.17 | ) |  | $ | 0.15 |
Diluted |  | $ | (1.95 | ) |  | $ | (0.17 | ) |  | $ | 0.15 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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