Note 5 - Stock-Based Compensation

3 Months Ended

Jun. 30, 2011

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

5. Stock Based Compensation

The Company maintains stock based compensation plans which allow for the issuance of stock options to officers, other key employees of the Company, and to members of the Board of Directors.  The Company accounts for stock compensation using fair value recognition provisions.

During the three months ended June 30, 2011, options were exercised for the issuance of 15,000 shares.  No options were granted during the three months ended June 30, 2011 and no options were granted or exercised during the three months ended June 30, 2010.  Stock based compensation expense in the amount of $1,469 was recognized for the three month period ended June 30, 2011 (none in 2010).  At June 30, 2011, there was no unrecognized compensation expense related to the stock options.