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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Revenue    
Product sales $ 6,882,673 $ 5,851,214
Contract research and development 724,993 856,558
Total revenue 7,607,666 6,707,772
Cost of sales 1,798,366 1,385,178
Gross profit 5,809,300 5,322,594
Expenses    
Selling, general, and administrative 399,361 389,915
Research and development 905,725 758,368
Total expenses 1,305,086 1,148,283
Income from operations 4,504,214 4,174,311
Interest income 361,778 437,734
Income before taxes 4,865,992 4,612,045
Provision for income taxes 1,568,377 1,479,500
Net income $ 3,297,615 $ 3,132,545
Net income per share – basic (in dollars per share) $ 0.68 $ 0.65
Net income per share – diluted (in dollars per share) 0.68 0.65
Cash dividends declared per common share (in dollars per share) $ 1 $ 1
Weighted average shares outstanding    
Basic (in shares) 4,841,010 4,835,010
Diluted (in shares) 4,846,251 4,837,095