Quarterly report pursuant to Section 13 or 15(d)

INCOME (LOSS) PER COMMON SHARE (Tables)

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INCOME (LOSS) PER COMMON SHARE (Tables)
6 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Schedule of earnings (loss) per share

The calculation of earnings (loss) per share for the three and six months ended September 30, 2018 and 2017 was as follows:

 

  Three Months Ended   Six Months Ended
  September 30,   September 30,
  2018   2017   2018   2017
Numerator:                
Net Income (loss)   $ 23,228,366     $ (6,246,116 )   $ 19,716,269     $ (9,295,094 )
Less preferred dividends     (896,182 )     (358,723 )     (1,595,178 )     (717,958 )
Net income (loss) attributable to common stockholders   $ 22,332,184     $ (6,604,839 )   $ 18,121,091     $ (10,013,052 )
                                 
Denominator                                
Weighted average share – basic     40,325,026       1,543,467       24,939,537       1,381,147  
Income (loss) per share – basic   $ 0.58     $ (4.28 )   $ 0.79     $ (7.25 )
                                 
Dilutive effect of common stock equivalents                                
Options/warrants     —         —         1,399       —    
Convertible debenture     20,037,653       —         20,037,653       —    
Preferred C shares     75,538,775       —         75,538,775       —    
                                 
Denominator                                
Total Weighted average shares – diluted     135,901,454       1,543,467       120,517,364       1,381,147  
Income (loss) per share – diluted   $ 0.16     $ (4.28 )   $ 0.15     $ (7.25 )