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Income Per Common Share (Tables)
6 Months Ended
Sep. 30, 2023
Income per common share:  
Schedule of Reconciliation of Basic and Diluted Net Income (loss) Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted net income per share for the three and six month periods ended September 30, 2023 and 2022.

 

   2023   2022   2023   2022 
  

Three Months Ended

September 30,

  

Six Months Ended

September 30,

 
   2023   2022   2023   2022 
Net income  $269,433   $1,211,716   $735,047   $2,510,388 
                     
Shares outstanding:                    
Weighted avg. shares outstanding – basic   2,122,336    2,149,416    2,129,213    2,149,416 
Effect of assumed exercise of dilutive stock options   52,377    69,095    49,506    68,211 
Weighted avg. shares outstanding – dilutive   2,174,713    2,218,511    2,178,719    2,217,627 
                     
Income per common share:                    
Basic  $0.13   $0.56   $.35   $1.17 
Diluted  $0.12   $0.55   $.34   $1.13