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)
9 Months Ended
Dec. 31, 2015
Policies  
Basic and Diluted Earnings Per Share

Basic and Diluted Earnings Per Share

 

The computation of basic earnings 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 per share includes common stock equivalents outstanding at the balance sheet date. The Company had 267,691 and 696,219 equity awards included in the fully diluted earnings (loss) per share as of December 31, 2015 and 2014, respectively.

 

For the Three Months Ended December 31,

For the Nine Months Ended December 31,

2015

2014

2015

2014

Net income applicable to common shareholders

$

478,799

$

1,917,150

$

798,895

$

6,216,057

Weighted average shares outstanding

53,255,275

52,884,358

53,239,087

51,112,924

Weighted average fully diluted shares outstanding

53,523,081

53,161,058

53,506,778

51,389,624

Basic earnings per share

$

          0.01

$

          0.04

$

          0.02

$

          0.12

Fully diluted earnings per share

$

          0.01

$

          0.04

$

          0.01

$

          0.12