XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 3,132,545 $ 3,803,226
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 193,979 206,751
Excess tax benefits (318,521)
Deferred income taxes (77,021) 311,876
Changes in operating assets and liabilities:    
Accounts receivable (407,840) (75,764)
Inventories 18,783 571,891
Prepaid expenses and other assets 32,657 (271,633)
Accounts payable and accrued expenses 1,296,142 944,896
Net cash provided by operating activities 4,189,245 5,172,722
INVESTING ACTIVITIES    
Purchases of fixed assets 412 (23,057)
Purchases of marketable securities (4,983,543) 136,978
Proceeds from maturities and sales of marketable securities 2,400,000
Net cash (used in) provided by investing activities (4,983,131) 2,513,921
FINANCING ACTIVITIES    
Proceeds from sale of common stock 262,749
Excess tax benefits 318,521
Repurchase of common stock (556,787)
Payment of dividends to shareholders (4,835,010) (4,857,953)
Net cash used in financing activities (4,835,010) (4,833,470)
(Decrease) increase in cash and cash equivalents (5,628,896) 2,853,173
Cash and cash equivalents at beginning of period 7,534,593 [1] 9,437,262
Cash and cash equivalents at end of period 1,905,697 12,290,435
Supplemental disclosures of cash flow information:    
Cash paid during the quarter for income taxes
[1] The March 31, 2016 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, 2016.