v3.25.4
Note 16 - Income Taxes (Tables)
9 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

December 31, 2025

 

Current:

       

Federal

  $ -  

State

  $ 1,500  

Total

  $ 1,500  
         

Deferred

       

Federal

  $ -  

State

  $ -  

Total

  $ -  
         

Provision for income taxes

  $ 1,500  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

12/31/2025

 
         

Book income at federal statutory rate, 21%

  $ 20,917  

State Adjustments

    (315 )

State Capital Taxes

    1,500  

State taxes, net of federal benefit

    20,512  

Permanent Items

    505  

Prior Year Deferred Tax Asset/(L) True Up

    -  

Valuation Allowance

    (41,619 )

Federal research & development credit generated

    -  
    $ 1,500  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets/(liabilities)

 

12/31/2025

 

Federal Net operating loss carryovers

  $ 267,497  

New Jersey Net operating loss carryovers

    150,659  

Federal R&D Credit

    316,772  

New Jersey R&D Credit

    -  

Depreciation & Amortization

    155,184  

Allowance For Doubtful Accounts

    364,969  

Stock Comp Expense

    42,715  

Gross deferred tax assets

    1,297,796  

Valuation allowance

    (1,297,796 )

Total deferred tax assets

  $ -