Note E - Leases (Tables)

3 Months Ended

Jun. 30, 2021

Notes Tables

Lease, Cost [Table Text Block]

	THREE MONTHS ENDED JUNE 30,
	2021		2020
Finance lease – amortization of ROU asset	$	25,487	$	25,000
Finance lease – interest on lease liability		1,736		2,223
Operating lease expense		14,634		12,384
	$	41,857	$	39,607

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

	June 30, 2021		March 31, 2021		Balance Sheet Classification
Assets
Operating lease right-of-use asset	$	150,045	$	4,850	Other assets
Finance lease right-of-use asset		475,397		481,880	Property, plant & equipment
Total right-of-use assets	$	625,442	$	486,730
Liabilities
Operating lease liability, current	$	49,604	$	4,850	Accrued expenses
Finance lease liability, current		103,185		102,689	Current portion of finance lease
Operating lease liability, non-current		100,441		—	Other non-current liabilities
Finance lease liability, non-current		239,575		265,557	Other non-current liabilities
Total lease liabilities	$	492,805	$	373,096

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

	Operating Leases			Finance Leases
Fiscal 2022 (remainder of fiscal year)		43,902			81,669
Fiscal 2023		58,536			108,888
Fiscal 2024		58,536			108,888
Fiscal 2025		4,878			54,445
Fiscal 2026		—			—
Total undiscounted lease payments	$	165,852		$	353,890
Less: imputed interest		(15,807	)		(11,130	)
Present value of lease liability	$	150,045		$	342,760