Balance Sheets (Current Period Unaudited) - USD ($)
|
Sep. 30, 2018 |
Mar. 31, 2018 |
[1] |
| ASSETS |
|
|
| Cash and cash equivalents |
$ 6,047,918
|
$ 4,755,082
|
| Marketable securities, short-term |
23,941,749
|
20,765,809
|
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
3,045,230
|
2,888,779
|
| Inventories |
3,575,963
|
3,650,439
|
| Prepaid expenses and other assets |
650,748
|
635,160
|
| Total current assets |
37,261,608
|
32,695,269
|
| Fixed assets |
|
|
| Machinery and equipment |
9,395,987
|
9,395,987
|
| Leasehold improvements |
1,787,269
|
1,749,284
|
|
11,183,256
|
11,145,271
|
| Less accumulated depreciation and amortization |
10,066,677
|
9,819,888
|
| Net fixed assets |
1,116,579
|
1,325,383
|
| Deferred tax assets |
625,024
|
572,655
|
| Marketable securities, long-term |
46,860,152
|
52,838,158
|
| Total assets |
85,863,363
|
87,431,465
|
| LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
| Accounts payable |
253,702
|
414,970
|
| Accrued payroll and other |
462,262
|
574,755
|
| Total current liabilities |
715,964
|
989,725
|
| Shareholders’ equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,844,010 issued and outstanding as of Sept. 30, 2018 and 4,842,010 as of March 31, 2018 |
48,440
|
48,420
|
| Additional paid-in capital |
19,817,088
|
19,599,298
|
| Accumulated other comprehensive loss |
(1,031,790)
|
(915,635)
|
| Retained earnings |
66,313,661
|
67,709,657
|
| Total shareholders’ equity |
85,147,399
|
86,441,740
|
| Total liabilities and shareholders’ equity |
$ 85,863,363
|
$ 87,431,465
|
|
|