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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 6,437,742 $ 7,114,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 392,546 414,634
Stock-based compensation 22,000 21,160
Excess tax deficiencies (benefits) 1,369 (352,294)
Deferred income taxes (64,915) 340,608
Changes in operating assets and liabilities:    
Accounts receivable (1,124,084) 181,006
Inventories 296,352 594,624
Prepaid expenses and other assets 36,736 (60,410)
Accounts payable and accrued expenses (674) (412,767)
Deferred revenue (330,928)
Net cash provided by operating activities 5,666,144 7,840,582
INVESTING ACTIVITIES    
Purchases of fixed assets (153,096) (146,505)
Purchases of marketable securities (6,928,028) 266,240
Proceeds from maturities and sales of marketable securities 9,200,000 6,250,000
Net cash provided by investing activities 2,118,876 6,369,735
FINANCING ACTIVITIES    
Proceeds from sale of common stock 42,449 292,909
Excess tax (deficiencies) benefits (1,369) 352,294
Repurchase of common stock (1,851,290)
Payment of dividends to shareholders (9,670,020) (9,725,174)
Net cash used in financing activities (9,628,940) (10,931,261)
(Decrease) increase in cash and cash equivalents (1,843,920) 3,279,056
Cash and cash equivalents at beginning of period 7,534,593 [1] 9,437,262
Cash and cash equivalents at end of period 5,690,673 12,716,318
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 3,045,000 $ 3,240,000
[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.