Note E - Leases (Tables)

9 Months Ended

Dec. 31, 2019

Notes Tables

Lease, Cost [Table Text Block]

	Three Months Ended December 31, 2019		Nine Months Ended December 31, 2019
Finance lease – amortization of ROU asset	$	8,644	$	8,644
Finance lease – interest on lease liability		2,463		2,463
Operating lease expense		8,184		24,552
	$	19,291	$	35,659

Schedule of Balance Sheet Information Related to Operating Leases [Table Text Block]

	December 31, 201 9		Balance Sheet Classification
Assets
Operating lease right-of-use asset	$	41,557	Other assets
Finance lease right-of-use asset	$	509,972	Property, plant & equipment, net
Total right-of-use assets	$	551,529
Liabilities
Operating lease liability, current	$	30,802	Accrued expenses
Finance lease liability, current		100,244	Current portion of finance lease
Operating lease liability, non-current		10,755	Other non-current liabilities
Finance lease liability, non-current		393,612	Other non-current liabilities
Total lease liabilities	$	535,413

Operating and Finance Lease, Liability, Maturity [Table Text Block]

	Operating Lea s es			Finance Leases
Fiscal 2020 (remainder of fiscal year)	$	8,184		$	27,222
Fiscal 2021		32,736			108,888
Fiscal 2022		2,728			108,888
Fiscal 2023		—			108,888
Fiscal 2024		—			108,888
Fiscal 2025		—			54,444
Total undiscounted lease payments	$	43,648		$	517,218
Less: imputed interest		(2,091	)		(23,362	)
Present value of lease liabilities	$	41,557		$	493,856