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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income $ 7,226,073 $ 4,634,205
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 271,207 259,241
Stock-based compensation 64,237 37,022
Deferred income taxes 16,539 (61,437)
Changes in operating assets and liabilities:    
Accounts receivable (911,821) 771,942
Inventories (81,994) (44,074)
Prepaid expenses and other assets (298,099) 108,697
Accounts payable and other liabilities 172,054 (164,625)
Net cash provided by operating activities 6,458,196 5,540,971
INVESTING ACTIVITIES    
Purchases of fixed assets (73,916) 0
Proceeds from maturities of marketable securities 4,000,000 0
Cash used in investing activities 3,926,084 0
FINANCING ACTIVITIES    
Repurchase of common stock (91,419)
Payment of dividends to shareholders (9,666,464) (9,670,076)
Cash used in financing activities (9,666,464) (9,761,495)
Increase in cash and cash equivalents 717,816 (4,220,524)
Cash and cash equivalents at beginning of period 10,427,340 8,065,594
Cash and cash equivalents at end of period 11,145,156 3,845,070
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 1,760,000 $ 934,788