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EMPLOYEE BENEFIT PLANS
6 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS

NOTE 16 - 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 September 30, 2022 and 2021 totaled approximately $20,000 and $17,000, respectively. The amounts charged to operations for contributions to this plan and administrative costs during both of the six months ended September 30, 2022 and 2021 totaled approximately $35,000. 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.