Note H - Supplemental Cash Flow Information

9 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE

H — SUPPLEMENTAL CASH FLOW INFORMATION

The Company paid income taxes of approximately

$8,000

and

$13,500

in the

nine

months ended

December 

31,

2017

and

2016,

respectively. The Company paid

no

interest in the

nine

months ended

December 

31,

2017

or

2016.

Non-cash financing activities consisted of accrued dividends of

$70,094

in both

nine

-month periods ended

December 

31,

2017

and

2016,

respectively. There were noncash transactions of

$385,000

and

$293,000

in the

nine

months ended

December 31, 2017

and

2016,

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