Balance Sheets (Current Period Unaudited) - USD ($)
|
Sep. 30, 2015 |
Mar. 31, 2015 |
[1] |
| Current assets |
|
|
| Cash and cash equivalents |
$ 12,716,318
|
$ 9,437,262
|
| Marketable securities, short term |
23,175,666
|
20,099,288
|
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
2,782,968
|
2,963,974
|
| Inventories |
3,147,868
|
3,742,492
|
| Deferred tax assets |
108,509
|
102,052
|
| Prepaid expenses and other assets |
635,323
|
574,913
|
| Total current assets |
42,566,652
|
36,919,981
|
| Fixed assets |
|
|
| Machinery and equipment |
8,735,764
|
8,604,926
|
| Leasehold improvements |
1,539,965
|
1,524,298
|
|
10,275,729
|
10,129,224
|
| Less accumulated depreciation |
8,288,450
|
7,873,816
|
| Net fixed assets |
1,987,279
|
2,255,408
|
| Marketable securities, long term |
60,781,110
|
70,913,807
|
| Total assets |
105,335,041
|
110,089,196
|
| Current liabilities |
|
|
| Accounts payable |
445,083
|
358,818
|
| Accrued payroll and other |
628,104
|
1,127,136
|
| Total current liabilities |
1,073,187
|
1,485,954
|
| Long-term deferred tax liabilities |
74,268
|
275,708
|
| Shareholders’ equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,844,845 issued and outstanding as of September 30, 2015 and 4,857,953 issued and outstanding as of March 31, 2015 |
48,449
|
48,580
|
| Additional paid-in capital |
19,665,966
|
20,850,762
|
| Accumulated other comprehensive income |
402,579
|
746,447
|
| Retained earnings |
84,070,592
|
86,681,745
|
| Total shareholders’ equity |
104,187,586
|
108,327,534
|
| Total liabilities and shareholders’ equity |
$ 105,335,041
|
$ 110,089,196
|
|
|