Note 9 - Commitments and Contingencies

12 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Text Block]

NOTE 9. COMMITMENTS AND CONTINGENCIES

Lease payments were $270,627 for fiscal 2016, $269,473 for fiscal 2015, and $265,357 for fiscal 2014. The operating lease for our facility expires December 31, 2020. We pay operating expenses including maintenance, utilities, real estate taxes, and insurance in addition to rental payments. We also lease a piece of office equipment under an operating lease expiring October 2018 with payments due quarterly.

The following table shows our future minimum lease payments:

Year Ending March 31
2017		2018		2019		2020		2021		Total
$	271,318	$	275,377	$	278,472	$	282,406	$	214,207	$	1,321,780