Balance Sheets (Current Period Unaudited) - USD ($)
|
Dec. 31, 2021 |
Mar. 31, 2021 |
[1] |
| Current assets |
|
|
| Cash and cash equivalents |
$ 8,967,657
|
$ 10,427,340
|
| Marketable securities, short-term |
22,482,494
|
7,678,957
|
| Accounts receivable, net of allowance for uncollectible accounts of $15,000 |
3,038,203
|
1,964,281
|
| Inventories |
4,367,675
|
3,900,777
|
| Prepaid expenses and other assets |
921,846
|
391,278
|
| Total current assets |
39,777,875
|
24,362,633
|
| Fixed assets |
|
|
| Machinery and equipment |
9,312,982
|
9,254,664
|
| Leasehold improvements |
1,810,872
|
1,810,872
|
| Property, Plant and Equipment, Gross, Ending Balance |
11,123,854
|
11,065,536
|
| Less accumulated depreciation and amortization |
10,886,378
|
10,728,853
|
| Net fixed assets |
237,476
|
336,683
|
| Deferred tax assets |
260,134
|
73,538
|
| Marketable securities, long-term |
27,179,552
|
47,038,669
|
| Right-of-use asset – operating lease |
593,715
|
689,216
|
| Total assets |
68,048,752
|
72,500,739
|
| Current liabilities |
|
|
| Accounts payable |
111,243
|
336,591
|
| Accrued payroll and other |
812,502
|
540,474
|
| Operating lease |
152,807
|
150,273
|
| Total current liabilities |
1,076,552
|
1,027,338
|
| Operating lease |
482,798
|
581,459
|
| Total liabilities |
1,559,350
|
1,608,797
|
| Shareholders’ equity |
|
|
| Common stock, $0.01 par value, 6,000,000 shares authorized; 4,833,714 issued and outstanding as of December 31, 2021 and 4,833,232 as of March 31, 2021 |
48,337
|
48,332
|
| Additional paid-in capital |
19,411,158
|
19,338,127
|
| Accumulated other comprehensive income |
433,759
|
1,101,119
|
| Retained earnings |
46,596,148
|
50,404,364
|
| Total shareholders’ equity |
66,489,402
|
70,891,942
|
| Total liabilities and shareholders’ equity |
$ 68,048,752
|
$ 72,500,739
|
|
|