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Note 17 - Income Taxes - Difference in Income Tax Provision (Details) - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Expected Federal income tax expense U.S. statutory rate $ (1,434,000) $ 2,092,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 34.00% 34.00%
State income taxes, net of Federal benefit $ 40,000 $ 169,000
State income taxes, net of Federal benefit, percentage (0.90%) 2.70%
Permanent differences, other $ 156,000 $ 47,000
Permanent differences, other, percentage (3.70%) 0.80%
Dividend received deduction $ (302,000)
Dividend Received Deduction, percentage 7.20% 0.00%
Section 831(b) benefit $ (281,000) $ (316,000)
Section 831(b) benefit, percentage 6.70% (5.10%)
Change in valuation allowance $ 3,868,000 $ 557,000
Change in valuation allowance, percentage (91.80%) 9.00%
Domestic production activities deductions $ (64,000) $ (193,000)
Domestic production activities deductions, percentage 1.50% (3.10%)
Income attributable to minority interest - Contrail Aviation $ (45,000)
Income Attributable to Minority Interest - Contrail Aviation, percentage 1.10% 0.00%
Deferred benefit for outside basis difference recorded on Delphax CFC's $ (1,015,000)
Deferred benefit for outside basis difference recorded on Delphax CFC's, percentage 24.10% 0.00%
Deferred state income taxes, net of Federal benefit for Delphax $ (102,000)
Deferred state income taxes, net of Federal benefit for Delphax, percentage 2.40% 0.00%
Other differences, net $ (96,000) $ 39,000
Other differences, net, percentage 2.30% 0.60%
Total $ 725,000 $ 2,395,452
Income tax expense, percentage (17.10%) 38.90%