Note E - Leases (Tables)

9 Months Ended

Dec. 31, 2020

Notes Tables

Lease, Cost [Table Text Block]

	Three Months Ended December 31,				Nine Months Ended December 31,
	2020		2019		2020		2019
Finance lease – amortization of ROU asset	$	25,243	$	8,644	$	75,364	$	8,644
Finance lease – interest on lease liability		1,981		2,463		6,306		2,463
Operating lease expense		14,634		8,184		41,652		24,552
	$	41,858	$	19,291	$	123,322	$	35,659

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

	December 31, 2020		Balance Sheet Classification
Assets
Operating lease right-of-use asset	$	19,231	Other assets
Finance lease right-of-use asset		488,363	Property, plant & equipment
Total right-of-use assets	$	507,594
Liabilities
Operating lease liability, current	$	19,231	Accrued expenses
Finance lease liability, current		102,196	Current portion of finance lease
Finance lease liability, non-current		291,417	Other non-current liabilities
Total lease liabilities	$	412,844

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

	Operating Leases			Finance Leases
Fiscal 2021 (remainder of fiscal year)		14,634			27,222
Fiscal 2022		4,878			108,888
Fiscal 2023		—			108,888
Fiscal 2024		—			108,888
Fiscal 2025		—			54,444
Total undiscounted lease payments	$	19,512		$	408,330
Less: imputed interest		(281	)		(14,717	)
Present value of lease liability	$	19,231		$	393,613