CHANGES IN SHAREHOLDERS' EQUITY

9 Months Ended

Dec. 28, 2018

Equity [Abstract]

CHANGES IN SHAREHOLDERS' EQUITY

Note 9-  CHANGES IN SHAREHOLDERS’ EQUITY: 

The accumulated retained earnings increased by $3,994,469, which represents the net income for the nine months ended December 28, 2018.

On May 9, 2018, the Estate of Michael Offerman, the late Chief Executive Officer of the Company, exercised all of the options (75,000) that had been awarded to him under the 2011 Equity Incentive Plan. As a result of such exercise, the aggregate issued and outstanding shares of common stock of the Company increased to 2,323,468 shares.