Note 15 - Governmental Assistance Program

12 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Government Assistance [Text Block]

NOTE 15 —GOVERNMENTAL ASSISTANCE PROGRAM

During fiscal 2024 and 2023, the Company’s Hong Kong subsidiary recorded income of nil and approximately $34,000, respectively, under a governmental program called the Employment Support Scheme (“ESS”). 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 program” in the Consolidated Statements of Operations.