Note 10 - Stock Repurchase Program

12 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Stock Repurchase Plan Disclosure [Text Block]

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.

     We repurchased

$1,695,788

of our Common Stock in fiscal

2016,

and

none

in fiscal

2017

or fiscal

2018.

The repurchases were under a program announced

January 

21,

2009

authorizing the repurchase of up to

$2,500,000

of our Common Stock and an additional

$5,000,000

announced

August 

27,

2015.

The remaining authorization was

$4,540,806

as of

March 

31,

 

2018.

The Repurchase Program

may

be modified or discontinued at any time without notice.