Note 8 - Leases

9 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 8 – LEASES

We lease our office and manufacturing facility under a non-cancellable operating lease, which expires on June 30, 2028. The following is a maturity analysis of the annual undiscounted cash flows of the operating lease liabilities as of December 31, 2025:

	For the fiscal year ended:	Amount
FY 2026	March 31, 2026			$	26,718
FY 2027	March 31, 2027				106,872
FY 2028	March 31, 2028				106,872
FY 2029	March 31, 2029	ends June 30, 2029			26,718
					267,180
	Less: Amount attributable to imputed interest				(15,470	)
				$	251,710

	Weighted average remaining lease term (in years)				1.7
	Weighted average discount rate				5	%

Rent and real estate tax expense for all facilities for the three and nine months ended December 31, 2025 was approximately $37,700 and 113,200, respectively.

Rent and real estate tax expense for all facilities for the three and nine months ended December 31, 2024 was approximately $37,000 and $113,200, respectively..

These are reported as a component of cost of sales and selling, general and administrative expenses in the accompanying consolidated statements of operations.