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Loss Per Common Share

6 Months Ended

Sep. 30, 2017

7. Loss Per Common Share

The Company’s basic net loss per share has been computed based on the weighted average number of common shares outstanding during the period. Diluted net loss per share assumes the exercise of all stock options having exercise prices less than the average market price of the common stock during the period using the treasury stock method and is computed by dividing net loss by the weighted average number of common shares and dilutive potential common shares (stock options) outstanding during the period. In periods where losses are reported, the weighted-average number of common shares outstanding excludes potential common shares, because their inclusion would be anti-dilutive.

The following is a reconciliation of the number of shares used in the calculation of basic and diluted net loss per share for the three and six month periods ended September 30, 2017 and 2016.

	Three Months Ended						Six Months Ended
	September 30						September 30
	2017			2016			2017			2016
Net loss	$	(189,170	)	$	(237,902	)	$	(484,722	)	$	(531,358	)

Shares outstanding:
Weighted avg. shares outstanding – basic		2,037,266			2,037,266			2,037,266			2,037,266
Effect of assumed exercise of dilutive stock options		-			-			-			-
Weighted avg. shares outstanding – dilutive		2,037,266			2,037,266			2,037,266			2,037,266

Loss per common share:
Basic and diluted	$	(0.09	)	$	(0.12	)	$	(0.24	)	$	(0.26	)

Due to a net loss for the for the three and six months ended September 30, 2017 and 2016, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.