Quarterly report pursuant to Section 13 or 15(d)

5. EARNINGS PER SHARE INFORMATION

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5. EARNINGS PER SHARE INFORMATION
 9 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
EARNINGS PER SHARE INFORMATION

The calculation of basic earnings per share is based on the following data:

 

    Three months ended   Nine months ended
    December 31,
2013		   December 31,
2012		   December 31,
2013		   December 31,
2012
                 
Net loss   $ (389,520 )   $ (781,394 )   $ (1,536,733 )   $ (2,566,476 )
                                 
Basic weighted-average common shares outstanding     55,787,554       55,787,554       55,787,554       55,787,554  
                                 
Basic loss per common share   $ (0.01 )   $ (0.01 )   $ (0.03 )   $ (0.05 )

 

As of December 31, 2013 and 2012 there were no options, warrants, or restricted stock grants outstanding.