Note 12 - Commitments and Contingencies

3 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

12. Commitments and Contingencies

The Company is involved in various legal actions and claims arising in the ordinary course of business. Management believes that these matters, if adversely decided, would

not

have a material adverse effect on the Company's results of operations or financial position.

In

June 2016,

the Company acquired land and entered into an agreement to construct a new corporate headquarters facility in Denver, North Carolina for an aggregate amount of approximately

$1.9

million, with construction anticipated to be completed in fiscal year

2018.

This facility will replace the Company

’s current headquarters which is leased from an entity owned by certain former officers and directors at an annual rental payment of approximately

$178,000.

There are currently

no

other commitments for significant capital expenditures.