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BALANCE SHEETS (December 31, 2023 Unaudited) - USD ($)
Jun. 30, 2024
Mar. 31, 2024
Current assets    
Cash and cash equivalents $ 6,005,492 $ 10,283,550
Marketable securities, short-term (amortized cost of $16,022,057 as of June 30, 2024, and $12,283,630 as of March 31, 2024) 15,670,927 11,917,779
Accounts receivable, net of allowance for credit losses of $15,000 as of June 30, and March 31, 2024 2,100,018 3,144,833
Inventories 7,164,632 7,158,585
Prepaid expenses and other assets 515,383 689,349
Total current assets 31,456,452 33,194,096
Fixed assets    
Machinery and equipment 11,417,730 10,501,096
Leasehold improvements 1,956,309 1,956,309
Less accumulated depreciation 11,478,977 11,403,383
Net fixed assets 1,895,062 1,054,022
Deferred tax assets 1,593,506 1,453,704
Marketable securities, long-term (amortized cost of $32,112,822 as of June 30, 2024, and $31,417,890 as of March 31, 2024) 31,505,264 30,788,301
Right-of-use asset - operating lease 255,000 289,910
Total assets 66,705,284 66,780,033
Current liabilities    
Accounts payable 174,243 127,154
Accrued payroll and other 1,338,811 729,215
Operating lease liability 180,262 179,372
Total current liabilities 1,693,316 1,035,741
Long-term operating lease liability 132,388 175,775
Total liabilities 1,825,704 1,211,516
Shareholders' equity    
Common Stock, Value 48,337 48,337
Additional paid-in capital 19,573,254 19,554,812
Accumulated other comprehensive loss (748,927) (777,637)
Retained earnings 46,006,916 46,743,005
Total shareholders' equity 64,879,580 65,568,517
Total liabilities and shareholders' equity $ 66,705,284 $ 66,780,033