Note E - Leases (Tables)

9 Months Ended

Dec. 31, 2021

Notes Tables

Lease, Cost [Table Text Block]

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2021		2020		2021		2020
Finance lease – amortization of ROU asset	$	25,734	$	25,243	$	76,831	$	75,364
Finance lease – interest on lease liability		1,489		1,981		4,838		6,306
Operating lease expense		14,634		14,634		43,902		41,652
	$	41,857	$	41,858	$	125,571	$	123,322

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

	December 31, 2021		March 31, 2021		Balance Sheet Classification
Assets
Operating lease right-of-use asset	$	125,676	$	4,850	Other assets
Finance lease right-of-use asset		462,431		481,880	Property, plant & equipment
Total right-of-use assets	$	588,107	$	486,730
Liabilities
Operating lease liability, current	$	51,366	$	4,850	Accrued expenses
Finance lease liability, current		104,185		102,689	Current portion of finance lease
Operating lease liability, non-current		74,310		—	Other non-current liabilities
Finance lease liability, non-current		187,231		265,557	Other non-current liabilities
Total lease liabilities	$	417,092	$	373,096

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

	Operating Leases			Finance Leases
Fiscal 2022 (remainder of fiscal year)		14,634			27,223
Fiscal 2023		58,536			108,892
Fiscal 2024		58,536			108,892
Fiscal 2025		4,878			54,446
Fiscal 2026		—			—
Total undiscounted lease payments	$	136,584		$	299,453
Less: imputed interest		(10,908	)		(8,037	)
Present value of lease liability	$	125,676		$	291,416