EMPLOYEE BENEFIT PLANS

9 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Compensation and Employee Benefit Plans [Text Block]

NOTE 14 - EMPLOYEE BENEFIT PLANS

The Company has a 401(k) plan for its employees to which the Company makes contributions at rates dependent on the level of each employee's contributions. Contributions made by the Company are limited to the maximum allowable for federal income tax purposes. The amounts charged to operations for contributions to this plan and administrative costs during the three month periods ended December 31, 2015 and 2014 totaled $10,677 and $8,580, respectively. The amounts charged to operations for contributions to this plan and administrative costs during the nine month periods ended December 31, 2015 and 2014 totaled $31,570 and $24,809, respectively. The amounts are included as a component of general and administrative expense in the accompanying condensed consolidated statements of operations. The Company does not provide any post-employment benefits to retirees.