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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 22,694,458 $ 14,507,501
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 257,606 424,981
Stock-based compensation 59,657 81,855
Deferred income taxes 161,894 24,457
Changes in operating assets and liabilities    
Accounts receivable (1,818,515) (2,740,548)
Inventories (1,328,375) (1,187,858)
Prepaid expenses and other assets (208,532) 99,724
Accounts payable and accrued expenses (726,695) 1,293,567
Net cash provided by operating activities 19,091,498 12,503,679
INVESTING ACTIVITIES    
Purchases of fixed assets (935,791) (484,579)
Purchases of marketable securities (28,441,317) 0
Proceeds from maturities of marketable securities 20,750,000 7,500,000
Receipt of tenant improvement allowance 100,000 0
Net cash (used in) provided by investing activities (8,527,108) 7,015,421
FINANCING ACTIVITIES    
Repurchase of common stock (20,700) (163,521)
Payment of dividends to shareholders (19,323,304) (19,333,409)
Net cash used in financing activities (19,344,004) (19,496,930)
(Decrease) increase in cash and cash equivalents (8,779,614) 22,170
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 10,449,510 10,427,340
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 1,669,896 10,449,510
Supplemental disclosures of cash flow information    
Cash paid during the year for income taxes $ 4,501,656 $ 2,520,000