Note N - Supplemental Cash Flow Information

9 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Cash Flow, Supplemental Disclosures [Text Block]

NOTE N — SUPPLEMENTAL CASH FLOW INFORMATION

The Company paid interest of approximately

$6,000

during the

nine

months ended

December 31, 2020

and

$2,500

 during the

nine

months ended

December 31, 2019

. The Company paid income taxes of approximately

$10,000

and

$259,000

during the

nine

months ended

December 31, 2020

 and 

nine

months ended

December 31, 2019

, 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.