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Note 12 - Capital Leases
12 Months Ended
Mar. 31, 2014
Leases, Capital [Abstract]  
Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

Note 12 Capital Leases


The Company leases certain equipment under noncancelable capital leases. At March 31, 2014 and 2013, leased capital assets included in property and equipment were as follows (in thousands):


    March 31, 2014     March 31, 2013  

Computer and office equipment

  $ 234     $ 193  

Less: accumulated amortization

    85       101  

Net property and equipment

  $ 149     $ 92  

Amortization expense for the years ended March 31, 2014, 2013 and 2012 was $69,000, $82,000 and $87,000, respectively. Future minimum lease payments, excluding additional costs such as insurance and maintenance expense payable by the Company under these agreements, by year and in the aggregate are as follows (in thousands):


    Minimum Lease Commitments  

Year ending March 31:

       

2015

  $ 80  

2016

    78  

2017

    12  

2018

    -  

Total minimum lease payments

  $ 170  

Less: amounts representing interest at rates ranging from 5.0% to 9.563%

    12  

Present value of minimum capital lease payments, reflected in the balance sheet as current and noncurrent capital lease obligations of $58 and $99, respectively.

  $ 158