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Note 7 - Accrued Expenses | 12 Months Ended
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Mar. 31, 2017
Notes to Financial Statements |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] |
7. | ACCRUED EXPENSES
Accrued expenses consisted of the following:
|  | Year Ended March 31, |
|  | 2017 |  |  | 2016 |
Salaries, wages and related items |  | $ | 5,398,877 |  |  | $ | 3,288,169 |
Profit sharing |  |  | 413,522 |  |  |  | 1,769,261 |
Health insurance |  |  | 423,680 |  |  |  | 353,825 |
Warranty reserves |  |  | 164,240 |  |  |  | 266,455 |
Asset retirement obligation |  |  | 562,500 |  |  |  | 562,500 |
Claims reserve |  |  | 308,528 |  |  |  | - |
Taxes |  |  | 508,615 |  |  |  | 353,825 |
Other deposits |  |  | 325,000 |  |  |  | - |
Other |  |  | 567,853 |  |  |  | 248,839 |
Total |  | $ | 8,672,815 |  |  | $ | 6,842,874 |
Product warranty reserve activity is as follows:
|  | Year Ended March 31, |
|  | 2017 |  |  | 2016 |
Beginning Balance |  | $ | 266,455 |  |  | $ | 231,803 |
Amounts charged to expense |  |  | (15,173 | ) |  |  | 140,768 |
Actual warranty costs paid |  |  | (87,042 | ) |  |  | (166,916 | )
Delphax acquisition |  |  | - |  |  |  | 60,800 |
Ending Balance |  | $ | 164,240 |  |  | $ | 266,455 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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