Note 10 - Governmental Assistance Programs

9 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Government Assistance [Text Block]

NOTE 10 — GOVERNMENTAL ASSISTANCE PROGRAMS  

During the three month periods ended December 31, 2023 and December 31, 2022, the Company’s Hong Kong subsidiary recorded income of nil and $4,000, respectively, under the governmental program called the Employment Support Scheme (“ESS”). During the nine month periods ended December 31, 2023 and December 31, 2022, the Company’s Hong Kong subsidiary recorded income of nil and $34,000, respectively, under the ESS program. The proceeds were required to be used for payroll expenses and the Company was subject to government-appointed random reviews to verify the information submitted by the applicant. 

The income realized from the amount granted under the ESS program is presented as Other Income under the description called “Income from governmental assistance programs” in the Consolidated Statements of Operations.