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Loss Per Common Share (Tables)
9 Months Ended
Dec. 31, 2015
Loss 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 net loss per share and diluted loss per share for the three and nine month periods ended December 31, 2015 and 2014:

 

    Three Months Ended     Nine Months Ended  
    December 31     December 31  
    2015     2014     2015     2014  
Net loss   $ (2,445,536 )   $ (175,321 )   $ (3,546,209 )   $ (70,011 )
                                 
Shares outstanding:                                
Weighted avg. common shares outstanding – basic     2,037,266       2,038,266       2,037,266       2,038,266  
Effect of the assumed exercise of dilutive stock options     -       -       -       -  
Weighted avg. common shares outstanding – dilutive     2,037,266       2,038,266       2,037,266       2,038,266  
                                 
Loss per common share:                                
Basic   $ (1.20 )   $ (0.09 )   $ (1.74 )   $ (0.03 )
Diluted   $ (1.20 )   $ (0.09 )   $ (1.74 )   $ (0.03 )