CHANGES IN SHAREHOLDERS' EQUITY

9 Months Ended

Dec. 29, 2017

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

Note 8-  CHANGES IN SHAREHOLDERS’ EQUITY: 

The accumulated retained earnings increased by $1,370,373, which represents the net income for the nine months ended December 29, 2017.

On May 17, 2017, the Company’s board of directors voted to authorize a $0.25 one-time special cash dividend payable on June 19, 2017, to shareholders of record on the close of business at June 6, 2017. This dividend distribution of $575,867 was the first dividend ever paid by the Company since it became an SEC reporting company.

Accordingly, the Company reported accumulated retained earnings of $13,081,440 as of December 29, 2017.