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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 7,336,407 $ 7,153,163
Cost of sales 1,651,847 1,769,581
Gross profit 5,684,560 5,383,582
Expenses    
Research and development 601,918 808,142
Selling, general, and administrative 371,320 466,618
Total expenses 973,238 1,274,760
Income from operations 4,711,322 4,108,822
Interest income 283,059 289,720
Income before taxes 4,994,381 4,398,542
Provision for income taxes 854,265 818,976
Net income $ 4,140,116 $ 3,579,566
Net income per share – basic (in dollars per share) $ 0.86 $ 0.74
Net income per share – diluted (in dollars per share) 0.86 0.74
Cash dividends declared per common share (in dollars per share) $ 1.00 $ 1.00
Weighted average shares outstanding    
Weighted average common shares outstanding – basic (in shares) 4,830,826 4,833,232
Diluted (in shares) 4,830,871 4,836,821
Product [Member]    
Revenue $ 7,072,961 $ 6,953,766
Contract Research and Development [Member]    
Revenue $ 263,446 $ 199,397