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Balance Sheets - USD ($)
Mar. 31, 2016
Mar. 31, 2015
Current assets    
Cash and cash equivalents $ 7,534,593 $ 9,437,262
Marketable securities, short-term 19,697,384 20,099,288
Accounts receivable, net of allowance for uncollectible accounts of $15,000 2,244,086 2,963,974
Inventories $ 3,205,233 3,742,492
Deferred tax assets 102,052
Prepaid expenses and other assets $ 734,524 574,913
Total current assets 33,415,820 36,919,981
Fixed assets    
Machinery and equipment 8,840,033 8,604,926
Leasehold improvements 1,539,965 1,524,298
10,379,998 10,129,224
Less accumulated depreciation and amortization 8,688,285 7,873,816
Net fixed assets 1,691,713 $ 2,255,408
Long-term deferred tax assets 51,188
Marketable securities, long-term 65,695,335 $ 70,913,807
Total assets 100,854,056 110,089,196
Current liabilities    
Accounts payable 317,990 358,818
Accrued payroll and other 556,674 $ 1,127,136
Deferred revenue 714,805
Total current liabilities $ 1,589,469 $ 1,485,954
Long-term deferred tax liabilities 275,708
Shareholders’ equity    
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,835,010 issued and outstanding as of March 31, 2016 and 4,857,953 issued and outstanding as of March 31, 2015 $ 48,350 48,580
Additional paid-in capital 19,205,682 20,850,762
Accumulated other comprehensive income 451,359 746,447
Retained earnings 79,559,196 86,681,745
Total shareholders’ equity 99,264,587 108,327,534
Total liabilities and shareholders’ equity $ 100,854,056 $ 110,089,196