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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Revenue    
Revenue $ 6,294,696 $ 7,107,906
Cost of sales 1,092,037 1,396,005
Gross profit 5,202,659 5,711,901
Expenses    
Research and development 973,067 989,026
Selling, general, and administrative 330,009 328,761
Total expenses 1,303,076 1,317,787
Income from operations 3,899,583 4,394,114
Interest income 459,039 424,770
Income before taxes 4,358,622 4,818,884
Provision for income taxes 751,203 873,835
Net income $ 3,607,419 $ 3,945,049
Net income per share – basic (in dollars per share) $ 0.74 $ 0.81
Net income per share – diluted (in dollars per share) 0.74 0.81
Cash dividends declared per common share (in dollars per share) $ 1 $ 1
Weighted average shares outstanding    
Basic (in shares) 4,846,010 4,842,010
Diluted (in shares) 4,850,388 4,850,479
Product [Member]    
Revenue    
Revenue $ 6,085,364 $ 6,870,646
Contract Research and Development [Member]    
Revenue    
Revenue $ 209,332 $ 237,260