Note 10 - Employee Benefit Plan
The Company has adopted a 401(k) profit sharing
plan for its employees. Employees become eligible to participate in the plan once they have completed one year of service and have
reached 21 years of age. Contributions by the Company and employees vest immediately. The Company matches 100% of employees
contributions up to 3% of the employees gross pay. The Company matched approximately $43,200 for the year ended March 31,
2012 and $44,500 for the year ended March 31, 2011. No discretionary profit sharing contributions were approved by the Board of
Directors for the years ended March 31, 2012 and 2011.