XML 14 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Balance Sheets - USD ($)
Mar. 31, 2019
Mar. 31, 2018
ASSETS    
Cash and cash equivalents $ 6,877,304 $ 4,755,082
Marketable securities, short-term 12,487,821 20,765,809
Accounts receivable, net of allowance for uncollectible accounts of $15,000 2,995,638 2,888,779
Inventories 4,264,876 3,650,439
Prepaid expenses and other assets 816,045 635,160
Total current assets 27,441,684 32,695,269
Fixed assets    
Machinery and equipment 9,365,806 9,395,987
Leasehold improvements 1,787,269 1,749,284
11,153,075 11,145,271
Less accumulated depreciation and amortization 10,258,240 9,819,888
Net fixed assets 894,835 1,325,383
Deferred tax assets 353,735 572,655
Marketable securities, long-term 54,925,633 52,838,158
Total assets 83,615,887 87,431,465
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 375,188 414,970
Accrued payroll and other 460,488 574,755
Total current liabilities 835,676 989,725
Shareholders’ equity    
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,846,010 issued and outstanding as of March 31, 2019 and 4,842,010 as of March 31, 2018 48,460 48,420
Additional paid-in capital 19,910,558 19,599,298
Accumulated other comprehensive loss (82,725) (915,635)
Retained earnings 62,903,918 67,709,657
Total shareholders’ equity 82,780,211 86,441,740
Total liabilities and shareholders’ equity $ 83,615,887 $ 87,431,465