|
Balance Sheets (USD $)
|
Jun. 30, 2012
|
Mar. 31, 2012
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 1,493,518 |
$ 1,544,536 |
| Marketable securities, short term |
18,903,884 |
17,551,629 |
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
2,947,096 |
2,684,840 |
| Inventories |
3,547,096 |
3,229,376 |
| Deferred tax assets |
0 |
0 |
| Prepaid expenses and other assets |
1,199,691 |
1,159,852 |
| Total current assets |
28,091,285 |
26,170,233 |
| Fixed assets |
|
|
| Machinery and equipment |
7,876,694 |
7,488,211 |
| Leasehold improvements |
777,585 |
720,882 |
| Gross fixed assets |
8,654,279 |
8,209,093 |
| Less accumulated depreciation |
5,837,132 |
5,697,861 |
| Net fixed assets |
2,817,147 |
2,511,232 |
| Marketable securities, long term |
56,664,385 |
54,445,298 |
| Total assets |
87,572,817 |
83,126,763 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| Accounts payable |
603,056 |
663,702 |
| Accrued payroll and other |
730,440 |
867,331 |
| Income taxes payable |
1,397,138 |
0 |
| Deferred taxes |
91,295 |
136,872 |
| Total current liabilities |
2,821,929 |
1,667,905 |
| Shareholders' equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,824,745 issued and outstanding as of June 30 and March 31, 2012 |
48,247 |
48,247 |
| Additional paid-in capital |
20,974,477 |
20,974,477 |
| Accumulated other comprehensive income |
1,001,828 |
1,087,456 |
| Retained earnings |
62,726,336 |
59,348,678 |
| Total shareholders' equity |
84,750,888 |
81,458,858 |
| Total liabilities and shareholders' equity |
$ 87,572,817 |
$ 83,126,763 |