XML 18 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 10,221,690 $ 8,681,609
Short-term investments 400,000 3,451,086
Accounts receivable, net 2,614,655 2,875,275
Inventories 609,877 517,217
Other 536,830 507,299
Total current assets 14,383,052 16,032,486
Property, plant, and equipment, net 980,412 997,609
Intangible assets, net 111,654 119,980
Prepaid pension assets 0 855
Deferred tax assets 146,609 150,116
Total assets 15,621,727 17,301,046
Current liabilities:    
Accounts payable 954,832 904,879
Current portion - deferred rent 0 2,917
Income taxes payable 24,429 21,922
Accrued liabilities:    
Compensation 2,094,907 1,999,966
Other 423,428 479,373
Total current liabilities 3,497,596 3,409,057
Deferred rent - less current portion 25,832 171
Accrued pension liability 715,807 678,118
Total liabilities 4,239,235 4,087,346
Commitments and contingencies      
Shareholders' equity:    
Common stock $.01 par value; 40,000,000 shares authorized, 22,045,893 and 21,653,835 shares issued and outstanding at June 30, 2014 and March 31, 2014, respectively 220,459 216,538
Additional paid-in capital 58,012,759 57,655,628
Accumulated deficit (46,364,403) (44,174,071)
Accumulated other comprehensive loss (486,323) (484,395)
Total shareholders' equity 11,382,492 13,213,700
Total liabilities and shareholders' equity $ 15,621,727 $ 17,301,046