Note 9 - Equity Method Investments

6 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

9. Equity Method Investments

The Company’s investment in Insignia Systems, Inc. (“Insignia”) is accounted for under the equity method of accounting. At

September 30, 2018,

the Company held approximately

3.5

million shares of Insignia’s common stock representing approximately

29%

of the outstanding shares for a total net investment basis of approximately

$4,898,000.

For the quarter ended

September 30, 2018,

the Company recorded approximately

$55,000

as its share of Insignia’s net income for the

three

months ended

June 30, 2018

along with a basis difference adjustment of approximately

$24,000.

The Company’s investment in The Fence Store LLC (“TFS”) is also accounted for under the equity method of accounting. The Company’s net investment basis is approximately

$566,000

at

September 30, 2018.

For the quarter ended

September 30, 2018,

the Company recorded approximately

$129,000

as its share of TFS’s net income.