Note H - Income Taxes

6 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE

H — INCOME TAXES

The Company

’s effective tax rate for the

six

months ended

September 30, 2017

differed from the statutory rate due primarily to tax benefits related to the ownership transfer of a life insurance policy from the Company to an officer upon retirement. The Company’s effective tax rate for the

six

months ended

September 30, 2016

differed from the statutory rate due primarily to state income tax benefits resulting from the loss before taxes.