Note 8 - Income Taxes

9 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Income Tax Disclosure [Text Block]

NOTE 8. INCOME TAXES

      Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

      We had no unrecognized tax benefits as of December  31, 2015, and we do not expect any significant unrecognized tax benefits within 12  months of the reporting date. We recognize interest and penalties related to income tax matters in income tax expense. As of December  31, 2015 we had no accrued interest related to uncertain tax positions. The tax years 1999 through 2014 remain open to examination by the major taxing jurisdictions to which we are subject.