Note G - Supplemental Cash Flow Information

3 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE G — SUPPLEMENTAL CASH FLOW INFORMATION

The Company paid income taxes of approximately

$8,000

and

$13,500

in the quarters ended

June 

30,

2017

and

2016,

respectively.

No

interest was paid in the quarters ended

June 

30,

2017

and

2016,

respectively. Noncash financing activities consisted of accrued dividends of

$70,094

and

$67,994

in the quarters ended

June 

30,

2017

and

2016,

respectively. There were noncash transactions of

$246,000

and

$293,000

in the quarters ended

June 30, 2017

and

2016,

respectively, for the transfer of ownership of life insurance policies from the Company to officers upon their retirement.