Note 9 - Commitments and Contingencies

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

NOTE

9.

COMMITMENTS AND CONTINGENCIES

     Lease payments were

$271,470

for fiscal

2017,

$270,627

for fiscal

2016,

and

$269,473

for fiscal

2015.

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
2018		2019		2020		2021		2022		Total
$	283,494	$	286,590	$	290,523	$	220,296	$	-	$	1,080,903