|
Balance Sheets (USD $)
|
Sep. 30, 2012
|
Mar. 31, 2012
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 1,934,562 |
$ 1,544,536 |
| Marketable securities, short term |
15,907,264 |
17,551,629 |
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
1,961,682 |
2,684,840 |
| Inventories |
3,522,488 |
3,229,376 |
| Prepaid expenses and other assets |
1,287,755 |
1,159,852 |
| Total current assets |
24,613,751 |
26,170,233 |
| Fixed assets |
|
|
| Machinery and equipment |
8,211,475 |
7,488,211 |
| Leasehold improvements |
1,016,887 |
720,882 |
| Gross fixed assets |
9,228,362 |
8,209,093 |
| Less accumulated depreciation |
5,989,392 |
5,697,861 |
| Net fixed assets |
3,238,970 |
2,511,232 |
| Marketable securities, long term |
62,020,033 |
54,445,298 |
| Total assets |
89,872,754 |
83,126,763 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| Accounts payable |
657,070 |
663,702 |
| Accrued payroll and other |
813,407 |
867,331 |
| Deferred taxes |
452,328 |
136,872 |
| Total current liabilities |
1,922,805 |
1,667,905 |
| Shareholders' equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,826,745 issued and outstanding as of September 30, 2012 and 4,824,745 issued and outstanding as of March 31, 2012 |
48,267 |
48,247 |
| Additional paid-in capital |
21,112,980 |
20,974,477 |
| Accumulated other comprehensive income |
1,619,483 |
1,087,456 |
| Retained earnings |
65,169,219 |
59,348,678 |
| Total shareholders' equity |
87,949,949 |
81,458,858 |
| Total liabilities and shareholders' equity |
$ 89,872,754 |
$ 83,126,763 |