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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Revenue    
Product sales $ 7,735,865 $ 8,348,081
Contract research and development 585,054 104,954
Total revenue 8,320,919 8,453,035
Cost of sales 1,993,928 1,558,346
Gross profit 6,326,991 6,894,689
Selling, general, and administrative 484,764 629,650
Research and development 681,001 803,428
Total expenses 1,165,765 1,433,078
Income from operations 5,161,226 5,461,611
Interest income 485,798 548,554
Income before taxes 5,647,024 6,010,165
Provision for income taxes 1,843,798 1,973,055
Net income $ 3,803,226 $ 4,037,110
Net income per share – basic (in dollars per share) $ 0.78 $ 0.83
Net income per share – diluted (in dollars per share) 0.78 $ 0.83
Cash dividends declared per common share (in dollars per share) $ 1  
Basic (in shares) 4,854,841 4,851,043
Diluted (in shares) 4,860,848 4,867,459