Statements of Income (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Dec. 31, 2021 |
Sep. 30, 2021 |
Jun. 30, 2021 |
Dec. 31, 2020 |
Sep. 30, 2020 |
Jun. 30, 2020 |
Dec. 31, 2021 |
Dec. 31, 2020 |
|
| Revenue | $ 6,290,809 | $ 6,533,362 | $ 20,267,433 | $ 15,503,409 | ||||
| Cost of sales | 1,385,006 | 1,075,048 | 4,698,720 | 2,852,757 | ||||
| Gross profit | 4,905,803 | 5,458,314 | 15,568,713 | 12,650,652 | ||||
| Expenses | ||||||||
| Research and development | 596,492 | 702,216 | 2,112,630 | 2,399,164 | ||||
| Selling, general, and administrative | 272,159 | 311,356 | 1,221,893 | 1,024,549 | ||||
| Total expenses | 868,651 | 1,013,572 | 3,334,523 | 3,423,713 | ||||
| Income from operations | 4,037,152 | 4,444,742 | 12,234,190 | 9,226,939 | ||||
| Interest income | 283,940 | 365,498 | 868,519 | 1,166,102 | ||||
| Income before taxes | 4,321,092 | 4,810,240 | 13,102,709 | 10,393,041 | ||||
| Provision for income taxes | 855,685 | 884,531 | 2,411,228 | 1,833,127 | ||||
| Net income | $ 3,465,407 | $ 3,646,507 | $ 3,579,566 | $ 3,925,709 | $ 2,222,340 | $ 2,411,865 | $ 10,691,481 | $ 8,559,914 |
| Net income per share – basic (in dollars per share) | $ 0.72 | $ 0.81 | $ 2.21 | $ 1.77 | ||||
| Net income per share – diluted (in dollars per share) | 0.72 | 0.81 | 2.21 | 1.77 | ||||
| Cash dividends declared per common share (in dollars per share) | $ 1.00 | $ 1.00 | $ 3.00 | $ 3.00 | ||||
| Weighted average shares outstanding | ||||||||
| Weighted average common shares outstanding – basic (in shares) | 4,833,604 | 4,833,232 | 4,833,356 | 4,834,324 | ||||
| Diluted (in shares) | 4,835,770 | 4,833,261 | 4,835,781 | 4,834,411 | ||||
| Product [Member] | ||||||||
| Revenue | $ 5,916,790 | $ 6,332,349 | $ 19,500,567 | $ 14,850,157 | ||||
| Contract Research and Development [Member] | ||||||||
| Revenue | $ 374,019 | $ 201,013 | $ 766,866 | $ 653,252 | ||||