Quarterly report pursuant to Section 13 or 15(d)

(Loss) Income Per Share

v3.22.0.1
(Loss) Income Per Share
9 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
(Loss) Income Per Share

NOTE 6 – (LOSS) INCOME PER SHARE:

Basic (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding for the period. Diluted (loss) income per share is calculated by dividing net (loss) income by the weighted average number

of common shares outstanding and, when applicable, potential common shares outstanding during the period. A reconciliation of the numerators and denominators of basic and diluted (loss) income per share is presented below:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

December 31,

 

 

December 31,

 

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

Basic (loss) income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(3,730

)

 

$

1,060

 

 

$

(7,348

)

 

$

1,986

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares
   outstanding

 

 

10,638

 

 

 

9,977

 

 

 

10,507

 

 

 

9,950

 

 

Basic (loss) income per share

 

$

(0.35

)

 

$

0.11

 

 

$

(0.70

)

 

$

0.20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted (loss) income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(3,730

)

 

$

1,060

 

 

$

(7,348

)

 

$

1,986

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares
   outstanding

 

 

10,638

 

 

 

9,977

 

 

 

10,507

 

 

 

9,950

 

 

Stock options outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common and
   potential common shares
   outstanding

 

 

10,638

 

 

 

9,977

 

 

 

10,507

 

 

 

9,950

 

 

Diluted (loss) income per share

 

$

(0.35

)

 

$

0.11

 

 

$

(0.70

)

 

$

0.20

 

 

None of the options to purchase 33 shares of common stock at December 31, 2021 were included in the computation of diluted income per share as the affect would be anti-dilutive due to the net losses in the quarters. None of the options to purchase 37 shares of common stock at December 31, 2020 were included in the above computation of diluted income per share given their exercise prices as they would not be dilutive upon issuance.