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Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2015
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 12,290,435 $ 9,437,262 [1]
Marketable securities, short-term 17,559,217 20,099,288 [1]
Accounts receivable, net of allowance for uncollectible accounts of $15,000 3,039,738 2,963,974 [1]
Inventories 3,170,601 3,742,492 [1]
Deferred tax assets 147,219 102,052 [1]
Prepaid expenses and other assets 846,546 574,913 [1]
Total current assets 37,053,756 36,919,981 [1]
Fixed assets    
Machinery and equipment 8,629,333 8,604,926 [1]
Leasehold improvements 1,522,948 1,524,298 [1]
Property, Plant, and Equipment 10,152,281 10,129,224 [1]
Less accumulated depreciation 8,080,567 7,873,816 [1]
Net fixed assets 2,071,714 2,255,408 [1]
Marketable securities, long-term 70,432,372 70,913,807 [1]
Total assets 109,557,842 110,089,196 [1]
Current liabilities    
Accounts payable 386,555 358,818 [1]
Accrued payroll and other 568,821 $ 1,127,136 [1]
Income taxes payable 1,475,474  
Total current liabilities 2,430,850 $ 1,485,954 [1]
Long-term deferred tax liabilities 138,201 275,708 [1]
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,866,181 issued and outstanding as of June 30, 2015 and 4,857,953 issued and outstanding as of March 31, 2015 48,662 48,580 [1]
Additional paid-in capital 20,875,163 20,850,762 [1]
Accumulated other comprehensive income 437,948 746,447 [1]
Retained earnings 85,627,018 86,681,745 [1]
Total shareholders’ equity 106,988,791 108,327,534 [1]
Total liabilities and shareholders’ equity $ 109,557,842 $ 110,089,196 [1]
[1] The March 31, 2015 Balance Sheet is derived from the audited financial statements contained in our Annual Report on Form 10-K for the fiscal year ended March 31,2015.