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Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2015
Mar. 31, 2015
[1]
Current assets    
Cash and cash equivalents $ 12,716,318 $ 9,437,262
Marketable securities, short term 23,175,666 20,099,288
Accounts receivable, net of allowance for uncollectible accounts of $15,000 2,782,968 2,963,974
Inventories 3,147,868 3,742,492
Deferred tax assets 108,509 102,052
Prepaid expenses and other assets 635,323 574,913
Total current assets 42,566,652 36,919,981
Fixed assets    
Machinery and equipment 8,735,764 8,604,926
Leasehold improvements 1,539,965 1,524,298
10,275,729 10,129,224
Less accumulated depreciation 8,288,450 7,873,816
Net fixed assets 1,987,279 2,255,408
Marketable securities, long term 60,781,110 70,913,807
Total assets 105,335,041 110,089,196
Current liabilities    
Accounts payable 445,083 358,818
Accrued payroll and other 628,104 1,127,136
Total current liabilities 1,073,187 1,485,954
Long-term deferred tax liabilities 74,268 275,708
Shareholders’ equity    
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,844,845 issued and outstanding as of September 30, 2015 and 4,857,953 issued and outstanding as of March 31, 2015 48,449 48,580
Additional paid-in capital 19,665,966 20,850,762
Accumulated other comprehensive income 402,579 746,447
Retained earnings 84,070,592 86,681,745
Total shareholders’ equity 104,187,586 108,327,534
Total liabilities and shareholders’ equity $ 105,335,041 $ 110,089,196
[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.