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Statements Of Income (USD $)
|
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
|
Dec. 31, 2013
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Dec. 31, 2012
|
Dec. 31, 2013
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Dec. 31, 2012
|
|
| Revenue | ||||
| Product sales | $ 6,448,407 | $ 5,762,925 | $ 19,654,162 | $ 18,025,002 |
| Contract research and development | 25,290 | 762,296 | 297,648 | 1,785,920 |
| Total revenue | 6,473,697 | 6,525,221 | 19,951,810 | 19,810,922 |
| Cost of sales | 1,449,396 | 1,738,618 | 4,331,297 | 5,147,884 |
| Gross profit | 5,024,301 | 4,786,603 | 15,620,513 | 14,663,038 |
| Expenses | ||||
| Selling, general , and administrative | 543,698 | 570,741 | 1,756,578 | 1,714,545 |
| Research and development | 905,246 | 501,325 | 2,744,620 | 1,801,609 |
| Total expenses | 1,448,944 | 1,072,066 | 4,501,198 | 3,516,154 |
| Income from operations | 3,575,357 | 3,714,537 | 11,119,315 | 11,146,884 |
| Interest income | 530,383 | 600,395 | 1,577,524 | 1,784,963 |
| Income before taxes | 4,105,740 | 4,314,932 | 12,696,839 | 12,931,847 |
| Provision for income taxes | 1,328,566 | 1,415,590 | 4,123,189 | 4,211,964 |
| Net income | $ 2,777,174 | $ 2,899,342 | $ 8,573,650 | $ 8,719,883 |
| Net income per share - basic | $ 0.57 | $ 0.60 | $ 1.77 | $ 1.80 |
| Net income per share - diluted | $ 0.57 | $ 0.60 | $ 1.76 | $ 1.80 |
| Weighted average shares outstanding | ||||
| Basic | 4,842,565 | 4,847,619 | 4,852,356 | 4,832,630 |
| Diluted | 4,859,601 | 4,872,019 | 4,868,040 | 4,856,851 |