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Income Per Common Share | 12 Months Ended
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Mar. 31, 2024
Income per common share: |
Income Per Common Share | 8. 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
|  | 2024 |  |  | 2023 |
Net income |  | $ | 1,344,952 |  |  | $ | 4,662,702 |
Shares outstanding: |  |  |  |  |  |  |  |
Weighted avg. common shares outstanding – basic |  |  | 2,114,360 |  |  |  | 2,146,491 |
Effect of the assumed exercise of dilutive stock options |  |  | 46,650 |  |  |  | 62,172 |
Weighted avg. common shares outstanding – dilutive |  |  | 2,161,010 |  |  |  | 2,208,663 |
Income per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.64 |  |  | $ | 2.17 |
Diluted |  | $ | 0.62 |  |  | $ | 2.11 |
For the year ended March 31, 2024, 93,000 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 $13.12 at March 31, 2024. For the year ended March 31, 2023, 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 $18.05 at March 31, 2023.

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