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Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
OPERATING ACTIVITIES    
Net income $ 14,507,936 $ 13,912,672
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 705,197 979,652
Stock-based compensation 93,360 40,920
Deferred income taxes (31,269) 96,275
Changes in operating assets and liabilities:    
Accounts receivable (106,859) 548,023
Inventories (614,437) (292,141)
Prepaid expenses and other assets (180,885) (27,877)
Accounts payable and accrued expenses (154,049) 37,137
Deferred revenue (142,733)
Net cash provided by operating activities 14,218,994 15,151,928
INVESTING ACTIVITIES    
Purchases of fixed assets (68,265) (604,800)
Purchases of marketable securities (13,672,407) (18,217,410)
Proceeds from maturities and sales of marketable securities 20,800,000 19,540,000
Net cash provided by investing activities 7,059,328 717,790
FINANCING ACTIVITIES    
Proceeds from sale of common stock 217,940 51,040
Payment of dividends to shareholders (19,374,040) (19,365,040)
Net cash used in financing activities (19,156,100) (19,314,000)
Increase (decrease) in cash and cash equivalents 2,122,222 (3,444,282)
Cash and cash equivalents at beginning of year 4,755,082 8,199,364
Cash and cash equivalents at end of year 6,877,304 4,755,082
Supplemental disclosures of cash flow information:    
Cash paid during the year for income taxes $ 3,426,045 $ 5,966,425