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Statements Of Income (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Dec. 31, 2012
|
Dec. 31, 2011
|
Dec. 31, 2012
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Dec. 31, 2011
|
|
| Revenue | ||||
| Product sales | $ 5,762,925 | $ 5,394,758 | $ 18,025,002 | $ 17,975,331 |
| Contract research and development | 762,296 | 763,768 | 1,785,920 | 2,995,590 |
| Total revenue | 6,525,221 | 6,158,526 | 19,810,922 | 20,970,921 |
| Cost of sales | 1,738,618 | 2,174,878 | 5,147,884 | 7,048,396 |
| Gross profit | 4,786,603 | 3,983,648 | 14,663,038 | 13,922,525 |
| Expenses | ||||
| Selling, general , and administrative | 570,741 | 520,044 | 1,714,545 | 1,742,721 |
| Research and development | 501,325 | 718,688 | 1,801,609 | 1,825,159 |
| Total expenses | 1,072,066 | 1,238,732 | 3,516,154 | 3,567,880 |
| Income from operations | 3,714,537 | 2,744,916 | 11,146,884 | 10,354,645 |
| Interest income | 600,395 | 591,694 | 1,784,963 | 1,754,586 |
| Income before taxes | 4,314,932 | 3,336,610 | 12,931,847 | 12,109,231 |
| Provision for income taxes | 1,415,590 | 1,047,519 | 4,211,964 | 3,825,819 |
| Net income | $ 2,899,342 | $ 2,289,091 | $ 8,719,883 | $ 8,283,412 |
| Net income per share - basic | $ 0.60 | $ 0.48 | $ 1.80 | $ 1.73 |
| Net income per share - diluted | $ 0.60 | $ 0.47 | $ 1.80 | $ 1.71 |
| Weighted average shares outstanding | ||||
| Basic | 4,847,619 | 4,807,859 | 4,832,630 | 4,786,790 |
| Diluted | 4,872,019 | 4,873,429 | 4,856,851 | 4,852,360 |