Note I - Supplemental Cash Flow Information

9 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE I — SUPPLEMENTAL CASH FLOW INFORMATION

The Company paid income taxes of approximately

$1,846,000

and

$8,000

in the

nine

months ended

December 

31,

2018

and

2017,

respectively. The Company paid interest of

$17,545

in the

nine

months ended

December 31, 2018.

The Company paid

no

interest in the

nine

months ended

December 

31,

2017.

Non-cash financing activities consisted of accrued dividends of

$1,051,417

and

$70,094

in the

nine

-month periods ended

December 

31,

2018

and

2017,

respectively. In the

nine

months ended

December 31, 2017,

there were noncash transactions of

$385,000

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