Statement [Line Items] | Period [Axis] |
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2015-04-01 - 2016-03-31 |
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Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | | | Years Ended | | | | | | | | | | | | | | | $ | 18,012 | | | $ | 7,080 | | | | | 23,276 | | | | 18,924 | | | | | 17,908 | | | | 4,644 | | Net amortization and deferral | | | -0- | | | | -0- | | Net periodic pension cost | | $ | 59,196 | | | $ | 30,648 | | |
Schedule of Net Funded Status [Table Text Block] | | | March 31, | | | | 2016 | | | 2015 | | Accumulated benefit obligation | | $ | 540,070 | | | $ | 558,403 | | Projected benefit obligation | | | 556,522 | | | | 599,324 | | Fair value of plan assets | | | -0- | | | | -0- | | Unfunded projected benefit obligation | | | 556,522 | | | | 599,324 | | |
Schedule of Changes in Projected Benefit Obligations [Table Text Block] | | | March 31, | | | | 2016 | | | 2015 | | Change in Benefit Obligation | | | | | | | | | Projected benefit obligation at beginning of year | | $ | 599,324 | | | $ | 415,803 | | | | | 18,012 | | | | 7,080 | | | | | 23,276 | | | | 18,924 | | | | | (48,863 | ) | | | 192,737 | | | | | (35,227 | ) | | | (35,220 | ) | Benefit obligation at end of year | | $ | 556,522 | | | $ | 599,324 | | |
Schedule of Changes in Fair Value of Plan Assets [Table Text Block] | | | March 31, | | | | 2016 | | | 2015 | | | | | | | | | | | Fair value of Plan assets at beginning of year | | $ | -0- | | | $ | -0- | | Actual return on Plan assets | | | -0- | | | | -0- | | | | | 35,227 | | | | 35,220 | | | | | (35,227 | ) | | | (35,220 | ) | Fair value of Plan assets at end of year | | $ | -0- | | | $ | -0- | | |
Schedule of Assumptions Used [Table Text Block] | | | Years Ended | | | | March 31, | | | | | | | 2015 | | Discount rate for periodic pension cost | | | 4.00 | % | | | 4.75 | % | Discount rate for benefit obligation | | | 4.25 | % | | | 4.00 | % | Rate of increase in compensation levels and social security wage base | | | 2.00 | % | | | 2.00 | % | Expected long-term rate of return on plan assets | | | N/A | | | | N/A | | |