v3.25.2
Note 11 - Income Taxes (Tables)
12 Months Ended
Mar. 31, 2025
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

March 31, 2025

    March 31, 2024  

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]
   

3/31/2025

   

3/31/2025

   

3/31/2024

   

3/31/2024

 
                                 

Book income at federal statutory rate, 21%

    (25,527 )     21 %     (187,207 )     21 %

State Adjustments

    (46,333 )     9 %     (29,220 )     3 %

State Capital Taxes

    1,500       0 %     1,580       0 %

State taxes, net of federal benefit

    (33,361 )     9 %     (59,957 )     7 %

Permanent Items

    703       0 %     4,174       1 %

Prior Year Deferred Tax Asset/(L) True Up

    697,245       -56 %     (172,868 )     30 %

Valuation Allowance

    (592,727 )     17 %     485,990       -69 %

Federal research & development credit generated

    -       0 %     (42,492 )     7 %
      1,500       0 %     -       0 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred tax assets/(liabilities)

 

3/31/2025

   

3/31/2024

 

Federal Net operating loss carryovers

    303,674       503,440  

New Jersey Net operating loss carryovers

    109,179       217,597  

Federal R&D Credit

    320,918       320,918  

New Jersey R&D Credit

    238,330       238,330  

Depreciation & Amortization

    103,627       253,436  

Allowance For Doubtful Accounts

    204,875       341,976  

Stock Comp Expense

    42,715       41,848  

Gross deferred tax assets

    1,323,318       1,917,545  

Valuation allowance

    (1,323,318 )     (1,917,545 )

Total deferred tax assets

    -       -