Note 12 - Equipment Leased to Customers

12 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Lessor, Operating Leases [Text Block]

12. EQUIPMENT LEASED TO CUSTOMERS

The Company leases equipment to

third

parties. As of

March 31, 2016,

minimum future rentals under non-cancelable operating leases are as follow:

Year ended March 31,
2017	$	206,000
2018		46,040
2019		46,040
2020		46,040
2021		46,040
Thereafter		3,837
Total minimum lease payments	$	393,994

Delphax leases a printer to a

third

party under an operating lease agreement entered into in

June 2015.

The term of this lease extends through

May 2018.

This agreement provides for monthly rent of

$20,000.

At

March 31, 2016,

future minimum annual lease payments receivable are as follows:

Year ended March 31,
2017	$	240,000
2018		240,000
2019		40,000
	$	520,000