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STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue        
Product sales $ 4,960,488 $ 6,366,009 $ 17,680,780 $ 22,183,223
Contract research and development 102,557 390,251 924,199 537,727
Total revenue 5,063,045 6,756,260 18,604,979 22,720,950
Cost of sales 797,622 1,355,067 2,720,370 5,034,556
Gross profit 4,265,423 5,401,193 15,884,609 17,686,394
Expenses        
Research and development 869,677 540,895 2,595,808 1,920,095
Selling, general, and administrative 434,783 389,311 1,543,428 1,298,211
Total expenses 1,304,460 930,206 4,139,236 3,227,820
Income from operations 2,960,963 4,470,987 11,745,373 14,458,574
Interest income 474,180 491,671 1,432,568 1,440,289
Other income 135,057 0 135,057 0
Income before taxes 3,570,200 4,962,658 13,312,998 15,898,863
Provision for income taxes 521,790 778,236 2,140,856 2,587,145
Net income $ 3,048,410 $ 4,184,422 $ 11,172,142 $ 13,311,718
Net income per share - basic $ 0.63 $ 0.87 $ 2.31 $ 2.75
Net income per share - diluted 0.63 0.87 2.31 2.75
Cash dividends declared per common share $ 1 $ 1 $ 3 $ 3
Weighted average shares outstanding        
Weighted Average Number of Shares Outstanding, Basic 4,835,262 4,833,401 4,834,382 4,832,992
Weighted Average Number of Shares Outstanding, Diluted 4,839,124 4,837,230 4,839,247 4,839,725
Accounts Receivable, Credit Loss Expense (Reversal)     $ 0 $ 9,514