Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)

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Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)
6 Months Ended
Sep. 30, 2015
Policies  
Basic and Diluted Earnings Per Share

Basic and Diluted Earnings (Loss) Per Share

 

The computation of basic earnings (loss) per share of common stock is based on the weighted average number of shares outstanding during the periods presented using the treasury stock method. The computation of fully diluted earnings (loss) per share includes common stock equivalents outstanding at the balance sheet date. The Company had 107,312 and 643,464 stock options included in the fully diluted earnings (loss) per share as of September 30, 2015 and 2014, respectively.

 

For the Three Months Ended September 30,

For the Six Months Ended September 30,

2015

2014

2015

2014

Net income (loss) applicable to common shareholders

$

778,907

$

2,078,201

$

320,095

$

4,298,907

Weighted average shares outstanding

53,236,979

52,482,823

53,230,892

50,222,367

Weighted average fully diluted shares outstanding

53,344,291

53,126,287

53,338,204

50,865,831

Basic earnings per share

$

          0.01

$

          0.04

$

          0.01

$

          0.09

Fully diluted earnings per share

$

          0.01

$

          0.04

$

          0.01

$

          0.08