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Note 5 - Property and Equipment

12 Months Ended

Mar. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

5.	PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	March 31,
	2014			2013
Furniture, fixtures and improvements	$	6,265,083		$	5,822,028
Flight equipment and rotables		3,203,765			3,203,765
Equipment leased to customers		2,831,015			2,042,776
		12,299,863			11,068,569
Less accumulated depreciation		(8,313,689	)		(7,596,030	)

Property and equipment, net	$	3,986,174		$	3,472,539

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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