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BALANCE SHEETS (December 31, 2023 Unaudited) - USD ($)
Sep. 30, 2024
Mar. 31, 2024
Current assets    
Cash and cash equivalents $ 3,096,179 $ 10,283,550
Marketable securities, short-term (amortized cost of $20,002,199 as of September 30, 2024, and $12,283,630 as of March 31, 2024) 19,836,293 11,917,779
Accounts receivable, net of allowance for credit losses of $15,000 as of September 30 and March 31, 2024 2,952,431 3,144,833
Inventories 7,417,611 7,158,585
Prepaid expenses and other assets 533,233 689,349
Total current assets 33,835,747 33,194,096
Fixed assets    
Machinery and equipment 11,626,533 10,501,096
Leasehold improvements 1,956,309 1,956,309
Less accumulated depreciation 11,560,984 11,403,383
Net fixed assets 2,021,858 1,054,022
Deferred tax assets 1,518,646 1,453,704
Marketable securities, long-term (amortized cost of $28,203,595 as of September 30, 2024, and $31,417,890 as of March 31, 2024) 28,281,803 30,788,301
Right-of-use asset - operating lease 219,747 289,910
Total assets 65,877,801 66,780,033
Current liabilities    
Accounts payable 170,077 127,154
Accrued payroll and other 580,274 729,215
Operating lease liability 181,159 179,372
Total current liabilities 931,510 1,035,741
Long-term operating lease liability 88,651 175,775
Total liabilities 1,020,161 1,211,516
Shareholders' equity    
Common Stock, Value 48,340 48,337
Additional paid-in capital 19,678,425 19,554,812
Accumulated other comprehensive loss (68,510) (777,637)
Retained earnings 45,199,385 46,743,005
Total shareholders' equity 64,857,640 65,568,517
Total liabilities and shareholders' equity $ 65,877,801 $ 66,780,033