Quarterly report pursuant to Section 13 or 15(d)

16. Reverse Stock Split

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16. Reverse Stock Split
9 Months Ended
Dec. 31, 2017
Reverse Stock Split  
Reverse Stock Split

On September 6, 2017, the Company effected a one-share-for-twenty-five-shares reverse stock split of its common stock. All share and earnings per share information has been retroactively adjusted to reflect the stock split. The effect of this stock split on the Company’s earnings per share is as follows:

 

    Three months ended December 31,     Nine months ended December 31,  
    2017     2016     2017     2016  
          (Recast)           (Recast)  
Basic and diluted net income per common share:                        
                         
From continuing operations   $ (13,126 )   $ (572 )   $ 22,530     $ 390  
                                 
Net income per common share - basic and diluted (in US dollars)   $ (0.29 )   $ (0.05 )   $ 0.86     $ 0.03  
Shares used in the calculation of net income per common share:                                
Basic and diluted     45,018,578       11,213,926       26,341,542       11,213,926