Note 16 - Share Repurchase

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

16. SHARE REPURCHASE

On

May 14, 2014,

the Company announced that its Board of Directors had authorized a program to repurchase up to

750,000

shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions, in compliance with SEC Rule

10b

-

18,

over an indefinite period. During the year ended

March 31, 2019,

the Company repurchased

22,652

shares at an aggregate cost of

$743,747.

These shares are reflected as retired as of

March 31, 2019

in accordance with the intent of the authorized share repurchase program. The Company has reduced common stock and retained earnings to reflect the retirement of those shares.