Note K - Supplemental Cash Flow Information

9 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE K — SUPPLEMENTAL CASH FLOW INFORMATION

The Company paid income taxes of approximately

$259,000

and

$1,846,000

in the

nine

months ended

December 

31,

2019

and

2018,

respectively. The Company paid interest of

$2,463

and

$17,545

in the

nine

months ended

December 

31,

2019

and

2018,

respectively. In the

nine

months ended

December 31, 2019,

there were noncash transactions totaling approximately

$121,000

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

nine

months ended

December 31, 2019,

non-cash investing activities consisted of the initial recognition of a finance lease right of use asset in the amount of

$518,616.