Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

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Basic and Diluted Net Income (Loss) Per Common Share (Tables)
9 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share

The computation of net loss per common share, basic and diluted, for the three and nine months ended December 31, 2018 and 2017 is as follows:

 

    Three Months Ended   Nine Months Ended  
    December 31,   December 31,  
    2018     2017     2018     2017  
                         
Net income (loss)   $ 957,581     $ (1,733,582 )   $ (6,500,528 )   $ (11,763,542 )
Net income (loss) - basic   $ 0.11     $ (0.28 )   $ (0.77 )   $ (1.92 )
Net income loss – diluted   $ 0.11     $ (0.28 )   $ (0.77 )   $ (1.92 )
Weighted average number of common shares outstanding – basic     8,530,580       6,097,225       8,466,243       6,127,225  
                                 
Weighted average number of common shares outstanding - diluted     8,554,320       6,097,225       8,466,243       6,127,225

Schedule of Potential Anti-Dilutive Securities

The following potentially dilutive securities were not included in the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been anti-dilutive for the periods presented:

 

    Three Months Ended     Nine Months Ended  
    December 31,     December 31,  
    2018     2017     2018     2017  
Common stock warrants     6,143,405       3,813,840       6,143,405       3,813,840  
Common stock options     1,521,230       548,721       1,544,970       548,721  
Restricted shares     304,000       246,312       304,000       246,312  
Total     7,968,635       4,608,873       7,992,375       4,608,873