Note 10 - Common and Preferred Stock

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

Note

10

Common and Preferred Stock

The Company has authorized a total of

sixty million

shares of which

f

ifty

million

shares are authorized common stock and

ten

million

shares are authorized preferred stock.

None

of the preferred stock was issued or outstanding at

March 31,

201

7

and

2016.

Under the terms of the Company’s Amended and Restated Articles of Incorporation, the Board of Directors is authorized to determine or alter the rights, preferences, privileges and restrictions of the Company’s authorized but unissued shares of preferred stock.