XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.4
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income $ 11,172,142 $ 13,311,718
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 241,816 231,749
Bonds discount amortization (212,554) (75,676)
Provision for credit losses 0 9,514
Stock-based compensation 137,906 129,392
Deferred income taxes (371,436) (847,235)
Non-cash operating lease credit (63,322) (20,039)
Changes in operating assets and liabilities    
Accounts receivable 1,789,769 4,268,102
Inventories (629,039) (932,801)
Prepaid expenses and other assets (47,132) 66,154
Accounts payable 27,529 (111,011)
Accrued payroll and other (217,626) (914,836)
Net cash provided by operating activities 11,828,053 15,115,031
INVESTING ACTIVITIES    
Purchases of fixed assets (1,162,790) (16,731)
Purchases of marketable securities (11,279,773) (6,103,185)
Proceeds from maturities of marketable securities 10,205,000 8,400,000
Net cash provided by (used in) investing activities (2,237,563) 2,280,084
FINANCING ACTIVITIES    
(Payments on) proceeds from exercise of stock options 114,162 117,527
Payment of dividends to shareholders (14,502,518) (14,497,628)
Net cash used in financing activities (14,388,356) (14,380,101)
Increase (decrease) in cash and cash equivalents (4,797,866) 3,015,014
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 5,485,684 4,684,910
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes $ 2,782,289 $ 3,685,861