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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Revenue    
Product sales $ 5,851,214 $ 7,735,865
Contract research and development 856,558 585,054
Total revenue 6,707,772 8,320,919
Cost of sales 1,385,178 1,993,928
Gross profit 5,322,594 6,326,991
Expenses    
Selling, general, and administrative 389,915 484,764
Research and development 758,368 681,001
Total expenses 1,148,283 1,165,765
Income from operations 4,174,311 5,161,226
Interest income 437,734 485,798
Income before taxes 4,612,045 5,647,024
Provision for income taxes 1,479,500 1,843,798
Net income $ 3,132,545 $ 3,803,226
Net income per share – basic (in dollars per share) $ 0.65 $ 0.78
Net income per share – diluted (in dollars per share) 0.65 0.78
Cash dividends declared per common share (in dollars per share) $ 1 $ 1
Weighted average shares outstanding    
Basic (in shares) 4,835,010 4,854,841
Diluted (in shares) 4,837,095 4,860,848