NOTE 6 - EARNINGS
PER SHARE
Basic earnings per share is calculated using
the weighted average number of common shares outstanding during each year. Diluted earnings per share include the net number of
shares that would be issued upon the exercise of stock options using the treasury stock method. Options are not considered in loss
years as they would be anti-dilutive. There are no shares with a dilutive impact at March 31, 2012 and 2011.
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