Note 9 - Stock Repurchase Program

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Stock Repurchase Plan Disclosure [Text Block]

 
 

NOTE

9.

STOCK REPURCHASE PROGRAM

     Our authorized stock is stated as

six million

shares of Common Stock,

$0.01

par value, and

ten million

shares of all types. Our Board

may

designate any series and fix any relative rights and preferences to authorized but undesignated stock. We have a remaining authorization of

$4,540,806

as of

March 

31,

 

2019

under a Stock Repurchase Program originally announced on

January 21, 2009.

We did

not

repurchase any Common Stock in fiscal

2019

or

2018.

The Stock Repurchase Program

may

be modified or discontinued at any time without notice.