Note 7 - Stock-based Compensation

9 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE

7. STOCK-BASED COMPENSATION

            Stock-based compensation expense was

$22,000

for the

first

nine

months of fiscal

2017,

and

$21,160

for the

first

nine

months of fiscal

2016.

The stock-based compensation expenses were due to the issuance of automatic stock options to our non-employee directors on their election or reelection to our Board.