BALANCE SHEETS (December 31, 2022 Unaudited) - USD ($)
|
Jun. 30, 2023 |
Mar. 31, 2023 |
| Current assets |
|
|
| Cash and cash equivalents |
$ 1,439,933
|
$ 1,669,896
|
| Marketable securities, short-term (amortized cost of $12,300,315 as of June 30, 2023, and $15,696,135 as of March 31, 2023) |
12,173,737
|
15,513,095
|
| Accounts receivable, net of allowance for credit losses of $227,440 as of June 30, 2023, and $15,000 as of March 31, 2023 |
5,397,032
|
6,523,344
|
| Inventories |
6,292,162
|
6,417,010
|
| Prepaid expenses and other assets |
707,175
|
663,459
|
| Total current assets |
26,010,039
|
30,786,804
|
| Fixed assets |
|
|
| Machinery and equipment |
10,488,496
|
10,484,365
|
| Leasehold improvements |
1,956,309
|
1,956,309
|
| Less accumulated depreciation and amortization |
11,172,258
|
11,095,236
|
| Net fixed assets |
1,272,547
|
1,345,438
|
| Deferred tax assets |
724,773
|
572,038
|
| Marketable securities, long-term (amortized cost of $41,447,065 as of June 30, 2023, and $37,495,846 as of March 31, 2023) |
39,719,369
|
36,125,047
|
| Right-of-use asset - operating lease |
392,370
|
425,843
|
| Total assets |
68,119,098
|
69,255,170
|
| Current liabilities |
|
|
| Accounts payable |
159,155
|
281,712
|
| Accrued payroll and other |
935,621
|
1,375,250
|
| Operating lease |
176,688
|
175,798
|
| Total current liabilities |
1,271,464
|
1,832,760
|
| Operating lease |
301,866
|
342,908
|
| Total liabilities |
1,573,330
|
2,175,668
|
| Shareholders' equity |
|
|
| Common Stock, Value |
48,334
|
48,308
|
| Additional paid-in capital |
19,423,479
|
19,295,442
|
| Accumulated other comprehensive loss |
(1,448,559)
|
(1,213,858)
|
| Retained earnings |
48,522,514
|
48,949,610
|
| Total shareholders' equity |
66,545,768
|
67,079,502
|
| Total liabilities and shareholders' equity |
$ 68,119,098
|
$ 69,255,170
|