Note F - Supplemental Cash Flow Information

6 Months Ended

Sep. 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 $161,500 in the six months ended September 30, 2016 and 2015, respectively. The Company paid no interest in the six months ended September 30, 2016 or 2015. Non-cash financing activities consisted of accrued dividends of $67,994 in both the six month periods ended September 30, 2016 and 2015. The six months ended September 30, 2016 included a $293,000 non-cash transaction to transfer the ownership of a life insurance policy from the Company to an officer upon retirement.