Stock Repurchase Plan

12 Months Ended

Mar. 31, 2015

Stock Repurchase Plan [Abstract]

Stock Repurchase Plan

NOTE 10. STOCK REPURCHASE PROGRAM
     Our authorized stock is stated as six million shares of common stock, $0.01 par value, and ten million shares of all types. Our Board may designate any series and fix any relative rights and preferences to authorized but undesignated stock.

     On January 21, 2009 we announced that our Board of Directors authorized the repurchase of up to $2,500,000 of our Common Stock, $1,236,595 of which remained available as of March 31, 2015. We repurchased 25,393 shares for $1,263,405 in Fiscal 2014, and we did not repurchase any Common Stock in fiscal 2015 or fiscal 2013. The repurchase program may be modified or discontinued at any time without notice.