|
Balance Sheets (USD $)
|
Dec. 31, 2013
|
Mar. 31, 2013
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 1,961,285 |
$ 2,509,683 |
| Marketable securities, short term |
10,293,147 |
9,711,029 |
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
1,789,490 |
2,521,395 |
| Inventories |
3,029,903 |
3,336,592 |
| Deferred tax assets |
241,599 |
0 |
| Prepaid expenses and other assets |
1,220,833 |
958,147 |
| Total current assets |
18,536,257 |
19,036,846 |
| Fixed assets |
|
|
| Machinery and equipment |
8,450,954 |
8,417,061 |
| Leasehold improvements |
1,499,454 |
1,499,454 |
| Gross fixed assets |
9,950,408 |
9,916,515 |
| Less accumulated depreciation |
6,829,363 |
6,228,122 |
| Net fixed assets |
3,121,045 |
3,688,393 |
| Marketable securities, long term |
80,584,799 |
73,040,257 |
| Total assets |
102,242,101 |
95,765,496 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| Accounts payable |
285,777 |
422,092 |
| Accrued payroll and other |
833,330 |
918,060 |
| Deferred taxes |
0 |
440,736 |
| Total current liabilities |
1,119,107 |
1,780,888 |
| Deferred Tax Liabilities, Net, Noncurrent |
282,342 |
0 |
| Shareholders' equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,846,043 issued and outstanding as of December 31, 2013; 4,862,436 issued and outstanding as of March 31, 2013 |
48,460 |
48,624 |
| Additional paid-in capital |
20,245,775 |
21,200,742 |
| Accumulated other comprehensive income |
795,251 |
1,557,726 |
| Retained earnings |
79,751,166 |
71,177,516 |
| Total shareholders' equity |
100,840,652 |
93,984,608 |
| Total liabilities and shareholders' equity |
$ 102,242,101 |
$ 95,765,496 |