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Condensed Balance Sheets - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,587,615 $ 6,139,823
Accounts receivable 3,552,603 3,913,731
Inventories 8,188,628 8,731,618
Corporate income taxes receivable 1,824,172 2,199,174
Prepaid expenses and other current assets 65,909 187,984
Total current assets 22,218,927 21,172,330
Non-current assets:    
Property, plant and equipment, net 3,107,643 3,340,615
Operating lease right-of-use assets 2,148,877 2,324,753
Security deposits 75,756 75,756
Total assets 27,551,203 26,913,454
Current liabilities:    
Accounts payable 934,269 781,082
Customer advance payments 993,620 882,525
Operating lease liabilities 369,975 351,804
Other current liabilities 641,170 861,208
Total current liabilities 2,939,034 2,876,619
Operating lease liabilities, non-current 2,048,321 2,237,317
Total liabilities 4,987,355 5,113,936
Commitments and Contingencies (Note 9)
Shareholders’ Equity    
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,380,251 shares issued and outstanding at September 30, 2024 and March 31, 2024 23,803 23,803
Additional paid-in capital 8,091,174 7,966,074
Retained earnings 14,448,871 13,809,641
Total Shareholders’ Equity 22,563,848 21,799,518
Total Liabilities and Shareholders’ Equity $ 27,551,203 $ 26,913,454