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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 4,097,587 $ 4,403,730
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 75,594 77,022
Corporate bonds discount amortization (53,219) (17,565)
Provision for current estimate of credit losses 0 212,440
Stock-based compensation 18,442 10,536
Deferred income taxes (147,844) (87,000)
Changes in operating assets and liabilities    
Accounts receivable 1,044,815 913,872
Inventories (6,047) 124,848
Prepaid expenses and other assets 208,876 (10,243)
Accounts payable and accrued expenses 614,188 (602,338)
Net cash provided by operating activities 5,852,392 5,025,302
INVESTING ACTIVITIES    
Purchases of fixed assets (916,634) (4,131)
Purchases of marketable securities (6,580,140) (3,937,835)
Proceeds from maturities of marketable securities 2,200,000 3,400,000
Net cash used in investing activities (5,296,774) (541,966)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 0 117,527
Payment of dividends to shareholders (4,833,676) (4,830,826)
Net cash used in financing activities (4,833,676) (4,713,299)
Decrease in cash and cash equivalents (4,278,058) (229,963)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 10,283,550 1,669,896
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 6,005,492 1,439,933
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes $ 0 $ 1,195,542