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Statements of Income - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Revenue $ 26,472,337 $ 29,863,881
Cost of sales 5,216,112 6,274,744
Gross profit 21,256,225 23,589,137
Expenses    
Research and development 4,107,692 3,702,918
Selling, general, and administrative 1,223,971 1,435,592
Total expenses 5,331,663 5,138,510
Income from operations 15,924,562 18,450,627
Interest income 1,785,277 1,558,197
Income before taxes 17,709,839 20,008,824
Provision for income taxes 3,201,903 6,096,152
Net income $ 14,507,936 $ 13,912,672
Net income per share – basic (in dollars per share) $ 3 $ 2.87
Net income per share – diluted (in dollars per share) 2.99 2.87
Cash dividends declared per common share (in dollars per share) $ 4 $ 4
Weighted average shares outstanding    
Basic (in shares) 4,844,010 4,841,347
Diluted (in shares) 4,850,567 4,846,212
Product [Member]    
Revenue    
Revenue $ 25,291,306 $ 27,321,810
Contract Research and Development [Member]    
Revenue    
Revenue $ 1,181,031 $ 2,542,071