Note 7 - COFACE Loan

9 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Long-term Debt [Text Block]

7. COFACE Loan

In

December

2009,

the Company signed a stated guaranteed insurance contract with the insurance company COFACE in order to protect the Company against the financial risks of its commercial development in the United States. As part of the contract, COFACE financed part of the expenses in the United States, with the amounts to be amortized in subsequent years. As of

December

31,

2016

and

March

31,

2016,

the amount still to be repaid was

$0.2

million and

$0.4

million, respectively.