|
Statements Of Income (USD $)
|
3 Months Ended | |
|---|---|---|
|
Jun. 30, 2012
|
Jun. 30, 2011
|
|
| Revenue | ||
| Product sales | $ 7,030,745 | $ 7,023,274 |
| Contract research and development | 432,160 | 1,190,488 |
| Total revenue | 7,462,905 | 8,213,762 |
| Cost of sales | 1,802,353 | 2,595,592 |
| Gross profit | 5,660,552 | 5,618,170 |
| Expenses | ||
| Selling, general , and administrative | 536,110 | 615,830 |
| Research and development | 688,026 | 494,876 |
| Total expenses | 1,224,136 | 1,110,706 |
| Income from operations | 4,436,416 | 4,507,464 |
| Interest income | 562,618 | 565,529 |
| Income before taxes | 4,999,034 | 5,072,993 |
| Provision for income taxes | 1,621,376 | 1,633,765 |
| Net income | $ 3,377,658 | $ 3,439,228 |
| Net income per share - basic | $ 0.70 | $ 0.72 |
| Net income per share - diluted | $ 0.69 | $ 0.70 |
| Weighted average shares outstanding | ||
| Basic | 4,824,745 | 4,776,198 |
| Diluted | 4,886,873 | 4,893,915 |