Basic and Diluted Net Loss Per Common Share

12 Months Ended

Mar. 31, 2018

Basic and Diluted Net Loss Per Common Share

NOTE 2 - BASIC AND DILUTED NET LOSS PER COMMON SHARE

Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed giving effect to all potentially dilutive common shares that were outstanding during the period that are not anti-dilutive. Potentially dilutive common shares consist of incremental shares issuable upon exercise of stock options, vesting of restricted shares or conversion of convertible notes outstanding. In computing diluted net income per share for the years ended March 31, 2018, 2017 and 2016, no adjustment has been made to the weighted average outstanding common shares for the assumed conversion of convertible notes as assumed conversion of these securities is anti-dilutive.

Potential common shares not included in calculating diluted net loss per share are as follows:

	Years ended March 31,
	2018		2017		2016
Stock options		15,346,608		15,798,558		13,508,086
Unvested restricted shares		1,182,000		-		-
5% Convertible notes		55,556		1,861,111		1,861,111

Total		16,584,164		17,659,669		15,369,197