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Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 14,507,501 $ 11,694,384
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 424,981 542,926
Stock-based compensation 81,855 45,572
Deferred income taxes 24,457 (129,155)
Changes in operating assets and liabilities:    
Accounts receivable (2,740,548) 729,737
Inventories (1,187,858) (16,327)
Prepaid expenses and other assets 99,724 391,699
Accounts payable and accrued expenses 1,293,567 105,996
Net cash provided by operating activities 12,503,679 13,364,832
INVESTING ACTIVITIES    
Purchases of fixed assets (484,579) (62,727)
Purchases of marketable securities 0 (10,512,400)
Proceeds from maturities and sales of marketable securities 7,500,000 19,000,000
Net cash provided by investing activities 7,015,421 8,424,873
FINANCING ACTIVITIES    
Repurchase of common stock (163,521) (91,419)
Payment of dividends to shareholders (19,333,409) (19,336,540)
Net cash used in financing activities (19,496,930) (19,427,959)
Increase in cash and cash equivalents 22,170 2,361,746
Cash and cash equivalents at beginning of year 10,427,340 8,065,594
Cash and cash equivalents at end of year 10,449,510 10,427,340
Supplemental disclosures of cash flow information:    
Cash paid during the year for income taxes $ 2,520,000 $ 2,438,788