Note 5 - Investment Securities Available for Sale

9 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

5. Investment Securities Available For Sale

The marketable securities held by the Company as of

December 31, 2015

and

March 31, 2015

are classified as available for sale securities. Available-for-sale securities at

December 31, 2015

consisted of investments in publicly traded companies with a fair market value of

$8,666,000,

an aggregate cost basis of

$8,706,000,

gross unrealized gains aggregating

$477,000

and gross unrealized losses aggregating

$517,000.

Marketable securities at

March 31, 2015

consisted of investments with a fair value of

$5,279,000,

an aggregate cost basis of

$5,490,000,

gross unrealized gains aggregating

$0

and gross unrealized losses aggregating

$211,000.

Securities in a loss position at

December 31, 2015

had a fair market value of

$6,255,000

and have been in a continuous loss position in the amount of

$517,000

for less than

twelve

months. Securities in a loss position at

March 31, 2015

had a fair value of

$4,168,000

and had been in a continuous loss position in the amount of

$176,000

for less than

twelve

months and securities in a loss position in the amount of

$35,000

for greater than

twelve

months had a fair value of

$1,111,000.

The Company realized gains of

$859

and

$78

from the sale of securities during the

three

-month period ended

December 31, 2015

and

December 31, 2014

respectively. For the

nine

-month period ended

December 31, 2015,

the Company realized a loss of

$7,696

and

no

loss for the prior comparable period for the sale of marketable securities. A gain of

$859

and

$8,487

was also realized for the

nine

-month periods ended

December 31, 2015

and

December 31, 2014

respectively. The marketable securities held by the Company as of

December 31, 2015

and

March 31, 2015

are classified as available for sale securities. The Company does

not

intend to liquidate marketable securities holdings in Insignia Systems, Inc. (“Insignia”) within

twelve

months; as a result, the fair value of marketable securities in Insignia were reclassified from current to non-current assets during the quarter ended

June 30, 2015

and are reported as investments in available-for-sale securities at

December 31, 2015.

Investments in Insignia at

December 31, 2015

had an aggregate cost basis of

$5,106,000

and sustained gross unrealized losses aggregating

$362,000.

All securities are priced using publicly quoted market prices and are considered Level

1

fair value measurements.