XML 30 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Income (Loss) Per Common Share
 12 Months Ended
Mar. 31, 2021
Income (loss) per common share:  
Income (Loss) Per Common Share

10. Income (Loss) Per Common 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 years ended March 31:

 

    2021     2020  
Net income (loss)   $ 155,932     $ (99,478 )
                 
Shares outstanding:                
Weighted avg. common shares outstanding – basic     2,050,678       2,040,166  
Effect of the assumed exercise of dilutive stock options     11,392       -  
Weighted avg. common shares outstanding – dilutive     2,062,070       2,040,166  
                 
Income (loss) per common share:                
Basic   $ 0.08     $ (0.05 )
Diluted   $ 0.08     $ (0.05 )

 

For the year ended March 31, 2021, no anti-dilutive shares relating to stock options were excluded from the computation of diluted net income. Due to a net loss for the year ended March 31, 2020, the weighted average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.