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EXCEL - IDEA: XBRL DOCUMENT - NVE CORP /NEW/Financial_Report.xls
10-K - ANNUAL REPORT FOR THE YEAR ENDED MARCH 31, 2012 - NVE CORP /NEW/NVE_2012_10K.htm
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EX-23 - CONSENT OF ERNST & YOUNG LLP - NVE CORP /NEW/ex23.htm
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Commitments and Contingencies
12 Months Ended
Mar. 31, 2012
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
NOTE 9. COMMITMENTS AND CONTINGENCIES
     Lease payments were $253,740 for fiscal 2012, $245,220 for fiscal 2011, and $237,317 for fiscal 2010. The operating lease for our facility expires December 31, 2020. We pay operating expenses including maintenance, utilities, real estate taxes, and insurance in addition to rental payments. We also lease a piece of office equipment under an operating lease expiring July 2014 with payments due quarterly. Our future minimum lease payments are shown in the following table:
 
Year Ending March 31
2013 2014 2015 2016 2017 2018 2019 2020 2021 Total
$ 261,530 $ 265,215 $ 267,988 $ 270,656 $ 271,671 $ 275,730 279,842 $ 284,115 $ 215,489 $ 2,392,236