Note E - Leases (Tables)

3 Months Ended

Jun. 30, 2020

Notes Tables

Lease, Cost [Table Text Block]

	Three Month Ended June 30, 2020		Three Month Ended June 30, 20 19
Finance lease – amortization of ROU asset	$	25,000	$	—
Finance lease – interest on lease liability		2,223		—
Operating lease expense		12,384		8,184
	$	39,607	$	8,184

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

	June 30, 2020		Balance Sheet Classification
Assets
Operating lease right-of-use asset	$	39,986	Other assets
Finance lease right-of-use asset		501,329	Property, plant & equipment
Total right-of-use assets	$	541,315
Liabilities
Operating lease liability, current	$	39,986	Accrued expenses
Finance lease liability, current		101,215	Current portion of finance lease
Finance lease liability, non-current		342,761	Other non-current liabilities
Total lease liabilities	$	483,962

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

	Operating Leases			Finance Leases
Fiscal 2021 (remainder of fiscal year)		37,152			81,666
Fiscal 2022		4,128			108,888
Fiscal 2023		—			108,888
Fiscal 2024		—			108,888
Fiscal 2025		—			54,444
Total undiscounted lease payments	$	41,280		$	462,774
Less: imputed interest		(1,294	)		(18,798	)
Present value of lease liability	$	39,986		$	443,976