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Income Per Common Share | 12 Months Ended
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Mar. 31, 2022
Income per common share: |
Income Per Common Share | 10. Income 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: Schedule of Reconciliation of Basic and Diluted Net Income (loss) Per Share
|  | 2022 |  |  | 2021 |
Net income |  | $ | 2,855,066 |  |  | $ | 155,932 |
Shares outstanding: |  |  |  |  |  |  |  |
Weighted avg. common shares outstanding – basic |  |  | 2,104,896 |  |  |  | 2,050,678 |
Effect of the assumed exercise of dilutive stock options |  |  | 53,195 |  |  |  | 11,392 |
Weighted avg. common shares outstanding – dilutive |  |  | 2,158,091 |  |  |  | 2,062,070 |
Income per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.36 |  |  | $ | 0.08 |
Diluted |  | $ | 1.32 |  |  | $ | 0.08 |
For the year ended March 31, 2022, 31,000 shares relating to stock options were excluded from the computation of diluted net income because their inclusion would be anti-dilutive. Anti-dilutive stock options have a weighted average exercise price of $8.51 at March 31, 2022. For the year ended March 31, 2021, no anti-dilutive shares relating to stock options were excluded from the computation of diluted net income.

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