Note F - Sales of Real Estate

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE

F

– SALE

S

OF REAL ESTATE

Prior to the end of fiscal

2018,

we entered into an agreement to sell a Company-owned restaurant located in Bay Ridge, Brooklyn, NY for

$12,250.

Property and equipment of

$610

related to this sale had been classified as Assets held for sale in our Consolidated Balance Sheet at

March 25, 2018.

On

October 23, 2018,

the Company completed the sale for proceeds of

$11,445,

net of direct expenses, and recorded a gain of

$10,854,

which represented the excess of the proceeds, before legal fees of

$33,

over the carrying value on that date.

On

August 9, 2018,

the Company completed the sale of its regional office building located in Fort Lauderdale, Florida for proceeds of

$1,330,

net of direct expenses, and recorded a gain of

$323,

which represented the excess of the proceeds, before legal fees of

$17,

over the carrying value on that date.