Note 11 - Common and Preferred Stock

12 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

11. COMMON AND PREFERRED STOCK

The Company has authorized a total of

sixty million

shares of which

fifty million

shares are authorized common stock and

ten million

shares are authorized preferred stock.

None

of the preferred stock was issued or outstanding at

March 31, 2020

and

2019.

Under the terms of the Company’s Amended and Restated Articles of Incorporation, the Board of Directors is authorized to determine or alter the rights, preferences, privileges and restrictions of the Company’s authorized but unissued shares of preferred stock.