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Statements Of Income (USD $)
|
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
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Sep. 30, 2013
|
|
| Revenue | ||||
| Product sales | $ 8,113,806 | $ 7,231,149 | $ 16,461,887 | $ 13,205,755 |
| Contract research and development | 153,567 | 70,031 | 258,521 | 272,358 |
| Total revenue | 8,267,373 | 7,301,180 | 16,720,408 | 13,478,113 |
| Cost of sales | 1,609,632 | 1,503,546 | 3,167,978 | 2,881,901 |
| Gross profit | 6,657,741 | 5,797,634 | 13,552,430 | 10,596,212 |
| Expenses | ||||
| Selling, general , and administrative | 625,599 | 660,076 | 1,255,249 | 1,212,880 |
| Research and development | 787,279 | 876,463 | 1,590,707 | 1,839,374 |
| Total expenses | 1,412,878 | 1,536,539 | 2,845,956 | 3,052,254 |
| Income from operations | 5,244,863 | 4,261,095 | 10,706,474 | 7,543,958 |
| Interest income | 562,923 | 520,802 | 1,111,477 | 1,047,141 |
| Income before taxes | 5,807,786 | 4,781,897 | 11,817,951 | 8,591,099 |
| Provision for income taxes | 1,932,164 | 1,552,246 | 3,905,219 | 2,794,623 |
| Net income | $ 3,875,622 | $ 3,229,651 | $ 7,912,732 | $ 5,796,476 |
| Net income per share - basic | $ 0.80 | $ 0.67 | $ 1.63 | $ 1.19 |
| Net income per share - diluted | $ 0.80 | $ 0.66 | $ 1.63 | $ 1.19 |
| Weighted average shares outstanding | ||||
| Basic | 4,855,071 | 4,852,178 | 4,853,068 | 4,857,279 |
| Diluted | 4,872,029 | 4,873,106 | 4,868,769 | 4,878,599 |