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Cash Bonus Plan
6 Months Ended
Sep. 30, 2024
Cash Bonus Plan [Abstract]  
CASH BONUS PLAN
Note 8 CASH BONUS PLAN:

 

In 1987, the Company adopted a cash bonus plan (the “Cash Bonus Plan”) for non-union, management and administration staff. Unless otherwise approved by the Company’s Compensation Committee of the Board of Directors, contributions to the Cash Bonus Plan will only be funded by the Company for payment of bonuses with respect to any fiscal year, when the Company is profitable for such fiscal year. As of September 30, 2024, and March 31, 2024, the Company’s accrued bonus was $230,600 and $150,000, respectively. Bonus expense recorded for the three months ended September 30, 2024 and 2023 was $130,500 and $100,500, respectively. Bonus expense recorded for the six months ended September 30, 2024 and 2023 was $268,454 and $201,000, respectively.