Employee Benefit Plans

9 Months Ended

Dec. 31, 2017

Retirement Benefits [Abstract]

Employee Benefit Plans

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 months ended December 31, 2017 and 2016 totaled approximately $15,000 and $12,000, respectively. The amounts charged to operations for contributions to this plan and administrative costs during the nine months ended December 31, 2017 and 2016 totaled approximately $39,000 and $34,000, respectively. The amounts are included as a component of general and administrative expense in the accompanying condensed consolidated statements of income. The Company does not provide any post-employment benefits to retirees.