Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

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Earnings Per Share
6 Months Ended
Sep. 30, 2018
Income (loss) per share of common stock  
Earnings Per Share

9. Earnings per Share:

 

Under the requirements of FASB ASC 260-10, Earnings Per Share, the dilutive effect of our common shares that have not been issued, but that may be issued upon the exercise or conversion, as the case may be, of rights or options to acquire such common shares, is excluded from the calculation for basic earnings per share. Diluted earnings per share reflects the additional dilution that would result from the issuance of our common shares if such rights or options were exercised or converted, as the case may be, and is presented for the three and six months ended September 30, 2018 and 2017.

 

For the three months ended September 30, 2018, the Company reported a net loss and, accordingly, potential common shares that would cause dilution, such as employee stock options and restricted stock units (RSUs), have been excluded from the diluted share count because their inclusion would have been anti-dilutive. For the three months ended September 30, 2018, the fully diluted shares would have been 10,311,221.