Note F - Supplemental Cash Flow Information

3 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE F — SUPPLEMENTAL CASH FLOW INFORMATION

The Company paid income taxes of approximately $13,500 and $29,500 in the quarters ended June 30, 2016 and 2015, respectively. No interest was paid in the quarters ended June 30, 2016 and 2015, respectively. Noncash financing activities consisted of accrued dividends of $67,994 in both the quarters ended June 30, 2016 and 2015, respectively. The quarter ended June 30, 2016 included a $293,000 non-cash transaction to transfer ownership of a life insurance policy from the Company to an officer upon retirement.