Note 5 - Stock-Based Compensation

3 Months Ended

Sep. 30, 2012

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 September 30, 2012, options for 2,500 shares were granted to a director.  During the three months ended June 30, 2011, options were exercised for the issuance of 15,000 shares.  No other options were granted or exercised during the six-month periods ended September 30, 2012 and 2011.  Stock-based compensation expense in the amount of $1,000 and $1,469 was recognized for the six-month periods ended September 30, 2012 and 2011, respectively.  At September 30, 2012, there was $2,700 in unrecognized compensation expense related to the stock options.