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STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue        
Product sales $ 6,104,433 $ 7,117,122 $ 12,720,292 $ 15,817,214
Contract research and development 654,257 16,154 821,642 147,476
Total revenue 6,758,690 7,133,276 13,541,934 15,964,690
Cost of sales 947,254 1,599,866 1,922,748 3,679,489
Gross profit 5,811,436 5,533,410 11,619,186 12,285,201
Expenses        
Research and development 847,603 683,208 1,726,131 1,379,200
Selling, general, and administrative 568,241 433,785 1,108,645 908,900
Accounts Receivable, Credit Loss Expense (Reversal) 0 (202,926) 0 9,514
Total expenses 1,415,844 914,067 2,834,776 2,297,614
Income from operations 4,395,592 4,619,343 8,784,410 9,987,587
Interest income 464,429 512,092 958,388 948,618
Income before taxes 4,860,021 5,131,435 9,742,798 10,936,205
Provision for income taxes 833,876 407,869 1,619,066 1,808,909
Net income $ 4,026,145 $ 4,723,566 $ 8,123,732 $ 9,127,296
Net income per share - basic $ 0.83 $ 0.98 $ 1.68 $ 1.89
Net income per share - diluted 0.83 0.98 1.68 1.89
Cash dividends declared per common share $ 1 $ 1 $ 2 $ 2
Weighted average shares outstanding        
Weighted Average Number of Shares Outstanding, Basic 4,833,855 4,833,401 4,833,766 4,832,786
Weighted Average Number of Shares Outstanding, Diluted 4,839,291 4,840,770 4,839,145 4,840,688