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Earnings per Common Share
 6 Months Ended
Sep. 30, 2025
Earnings per Common Share  
Earnings per Common Share

Earnings per Common Share

Basic earnings per common share is computed based on the weighted average number of common shares outstanding during the periods presented. Diluted earnings per common share is computed based on the weighted average number of common shares outstanding plus the effect of stock options and other potentially dilutive common stock equivalents using the treasury stock method based on the Company’s average stock price.

Potentially dilutive common stock equivalents in the form of convertible debentures were issued during the three-month period ended September 30, 2025. The following table presents the reconciliation of basic to diluted weighted average shares used in computing net income per share of common stock attributable to common stockholders, as adjusted to give effect to the potentially dilutive effect of convertible debentures issued during the three-month period ended September 30, 2025. Basic and diluted weighted average common shares outstanding are identical for the three and six-month periods ended September 30, 2024.

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Three months ended

    

Six months ended

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Sept. 30, 2025

    

Sept. 30, 2024

    

Sept. 30, 2025

    

Sept. 30, 2024

Basic weighted average common shares

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$

2,312,887

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$

2,312,887

​

$

2,312,887

​

$

2,312,887

Potential dilutive effect of convertible debentures

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—

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—

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174,544

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—

Fully diluted weighted average common shares

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$

2,312,887

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$

2,312,887

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$

2,487,431

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$

2,312,887

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