|
Balance Sheets (USD $)
|
Sep. 30, 2014
|
Mar. 31, 2014
|
| ASSETS |
|
|
| Cash and cash equivalents |
$ 3,281,500 |
$ 1,262,300 |
| Marketable securities, short term |
14,624,615 |
12,360,091 |
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
3,678,396 |
2,331,574 |
| Inventories |
3,389,393 |
3,207,333 |
| Deferred tax assets |
169,671 |
237,387 |
| Prepaid expenses and other assets |
848,528 |
816,276 |
| Total current assets |
25,992,103 |
20,214,961 |
| Fixed assets |
|
|
| Machinery and equipment |
8,563,720 |
8,536,010 |
| Leasehold improvements |
1,499,454 |
1,499,454 |
| Gross fixed assets |
10,063,174 |
10,035,464 |
| Less accumulated depreciation |
7,495,209 |
7,030,692 |
| Net fixed assets |
2,567,965 |
3,004,772 |
| Marketable securities, long term |
84,551,529 |
82,022,310 |
| Total assets |
113,111,597 |
105,242,043 |
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| Accounts payable |
337,462 |
374,127 |
| Accrued payroll and other |
855,927 |
808,675 |
| Total current liabilities |
1,193,389 |
1,182,802 |
| Deferred Tax Liabilities, Net, Noncurrent |
224,769 |
354,600 |
| Shareholders' equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,857,953 issued and outstanding as of September 30, 2014 and 4,851,043 issued and outstanding as of March 31, 2014 |
48,580 |
48,510 |
| Additional paid-in capital |
20,850,762 |
20,464,883 |
| Accumulated other comprehensive income |
567,974 |
877,857 |
| Retained earnings |
90,226,123 |
82,313,391 |
| Total shareholders' equity |
111,693,439 |
103,704,641 |
| Total liabilities and shareholders' equity |
$ 113,111,597 |
$ 105,242,043 |