Note E - Leases (Tables)

6 Months Ended

Sep. 30, 2020

Notes Tables

Lease, Cost [Table Text Block]

	THREE MONTHS ENDED SEPTEMBER 30,				SIX MONTHS ENDED SEPTEMBER 30,
	2020		2019		2020		2019
Finance lease – amortization of ROU asset	$	25,121	$	—	$	50,121	$	—
Finance lease – interest on lease liability		2,102		—		4,325		—
Operating lease expense		14,634		8,184		27,018		16,368
	$	41,857	$	8,184	$	81,464	$	16,368

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

	September 30, 2020		Balance Sheet Classification
Assets
Operating lease right-of-use asset	$	33,363	Other assets
Finance lease right-of-use asset		494,846	Property, plant & equipment
Total right-of-use assets	$	528,209
Liabilities
Operating lease liability, current	$	33,363	Accrued expenses
Finance lease liability, current		101,704	Current portion of finance lease
Finance lease liability, non-current		317,151	Other non-current liabilities
Total lease liabilities	$	452,218

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

	Operating Leases			Finance Leases
Fiscal 2021 (remainder of fiscal year)		29,268			54,444
Fiscal 2022		4,878			108,888
Fiscal 2023		—			108,888
Fiscal 2024		—			108,888
Fiscal 2025		—			54,444
Total undiscounted lease payments	$	34,146		$	435,552
Less: imputed interest		(783	)		(16,697	)
Present value of lease liability	$	33,363		$	418,855