Balance Sheets (Current Period Unaudited) - USD ($)
|
Sep. 30, 2017 |
Mar. 31, 2017 |
[1] |
| ASSETS |
|
|
| Cash and cash equivalents |
$ 5,108,313
|
$ 8,199,364
|
| Marketable securities, short-term |
16,921,738
|
19,591,833
|
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
2,659,618
|
3,436,802
|
| Inventories |
3,504,478
|
3,358,298
|
| Prepaid expenses and other assets |
523,190
|
607,283
|
| Total current assets |
28,717,337
|
35,193,580
|
| Fixed assets |
|
|
| Machinery and equipment |
9,447,726
|
9,007,455
|
| Leasehold improvements |
1,730,525
|
1,644,419
|
|
11,178,251
|
10,651,874
|
| Less accumulated depreciation and amortization |
9,555,119
|
9,238,626
|
| Net fixed assets |
1,623,132
|
1,413,248
|
| Long-term deferred tax assets |
432,106
|
357,055
|
| Marketable securities, long-term |
59,622,760
|
56,810,923
|
| Total assets |
90,395,335
|
93,774,806
|
| LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
| Accounts payable |
249,697
|
376,275
|
| Accrued payroll and other |
580,838
|
576,313
|
| Deferred revenue |
|
142,733
|
| Total current liabilities |
830,535
|
1,095,321
|
| Shareholders’ equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,841,010 issued and outstanding as of September 30, 2017 and March 31, 2017 |
48,410
|
48,410
|
| Additional paid-in capital |
19,548,268
|
19,507,348
|
| Accumulated other comprehensive income (loss) |
29,467
|
(38,298)
|
| Retained earnings |
69,938,655
|
73,162,025
|
| Total shareholders’ equity |
89,564,800
|
92,679,485
|
| Total liabilities and shareholders’ equity |
$ 90,395,335
|
$ 93,774,806
|
|
|