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Note 20 - Income Taxes - Difference in Income Tax Provision (Details) - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Expected Federal income tax expense U.S. statutory rate $ 978,000 $ 818,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 30.80%
State income taxes, net of federal benefit $ 171,000 $ 129,000
State income taxes, net of Federal benefit, percentage 3.70% 4.90%
Permanent differences, other $ (61,000) $ 21,000
Permanent differences, other, percentage (1.30%) 0.80%
Micro-captive insurance benefit $ (197,000) $ (320,000)
Micro-captive insurance benefit, percentage (4.20%) (12.10%)
Change in valuation allowance $ 1,405,000 $ (1,116,000)
Change in valuation allowance, percentage 30.20% (42.10%)
Domestic production activities deduction $ (15,000)
Domestic production activities deduction, percentage 0.00% (0.60%)
Income attributable to minority interest - Contrail Aviation $ (434,000) $ (79,000)
Income Attributable to Minority Interest - Contrail Aviation, percentage (9.30%) (3.00%)
Bargain purchase gain $ (417,000) $ (155,000)
Bargain purchase gain, percentage (9.00%) (5.80%)
Tax rate change applied to deferreds $ 2,297,000
Tax rate change applied to deferreds, percentage 0.00% 86.60%
Deferred benefit for outside basis difference recorded on Delphax CFCs $ 31,000 $ (811,000)
Deferred benefit for outside basis difference recorded on Delphax CFCs, percentage 0.70% (30.60%)
Deferred benefit for increase in Canadian tax credits for Delphax $ (149,000)
Deferred benefit for increase in Canadian tax credits for Delphax, percentage 0.00% (5.60%)
Recognition of AMT tax credits as tax receivable $ (311,000)
Recognition of AMT tax credits as tax receivable, percentage 0.00% (11.70%)
Other differences, net $ 26,184 $ (114,000)
Other differences, net, percentage 0.60% 4.30%
Total $ 1,502,184 $ 195,000
Income tax expense, percentage 32.40% 7.30%