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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES    
Net income $ 9,691,472 $ 10,705,638
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 628,186 698,820
Stock-based compensation 21,160 58,960
Excess tax benefits (352,294) (24,288)
Deferred income taxes 305,391 141,060
Changes in operating assets and liabilities:    
Accounts receivable 1,210,285 476,495
Inventories 633,581 (478,791)
Prepaid expenses and other assets (328,655) (709,502)
Accounts payable and accrued expenses (625,422) $ (20,142)
Deferred revenue 714,805
Net cash provided by operating activities 11,898,509 $ 10,848,250
INVESTING ACTIVITIES    
Purchases of fixed assets (177,449) (114,139)
Purchases of marketable securities (9,613,052) (9,136,457)
Proceeds from maturities and sales of marketable securities 7,825,000 8,610,000
Net cash used in investing activities (1,965,501) (640,596)
FINANCING ACTIVITIES    
Proceeds from sale of common stock 292,909 302,701
Excess tax benefits 352,294 $ 24,288
Repurchase of common stock (1,851,290)
Payment of dividends to shareholders (14,570,019)
Net cash (used in) provided by financing activities (15,776,106) $ 326,989
(Decrease) increase in cash and cash equivalents (5,843,098) 10,534,643
Cash and cash equivalents at beginning of period 9,437,262 [1] 1,262,300
Cash and cash equivalents at end of period 3,594,164 11,796,943
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 4,490,000 $ 5,600,000
[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.