Income (Loss) Per Share

12 Months Ended

Mar. 31, 2018

9. Income (Loss) per Share

FASB ASC 718, Stock Compensation, requires all share-based payments to employees, including grants of employee stock options and restricted stock units, to be recognized in the financial statements based on their fair values at grant date and the recognition of the related expense over the period in which the share-based compensation vests. Non-cash charges of approximately $323,000 and $18,000 for stock based compensation have been recorded for the years ended March 31, 2018 and 2017, respectively.

The following is a reconciliation of the numerators and the denominators of the basic and diluted per-share computations for net loss for the fiscal years ended March 31, 2018 and 2017:

	Loss			Shares		Per-Share
	(Numerator)			(Denominator)		Amount
Year ended March 31, 2018
Basic and diluted EPS	$	(1,431,701	)		9,949,652	$	(0.14	)

Year ended March 31, 2017
Basic and diluted EPS	$	(2,324,589	)		9,824,763	$	(0.24	)

For the fiscal years ended March 31, 2018 and 2017, the Company reported net loss and, accordingly, potential common shares that would cause dilution, such as employee stock options and restricted stock units, have been excluded from the diluted share count because their inclusion would have been anti-dilutive. For the fiscal years ended March 31, 2018 and 2017, the fully diluted shares would have been 10,520,962 and 10,216,594, respectively.

Command Security Corporation

Notes to Consolidated Financial Statements, Continued March 31, 2018 and 2017

COMMAND SECURITY CORP 10-K