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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES    
Net income $ 9,921,486 $ 9,691,472
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 868,218 628,186
Stock-based compensation 22,000 21,160
Excess tax deficiencies (benefits) 293 (352,294)
Deferred income taxes (61,076) 305,391
Changes in operating assets and liabilities:    
Accounts receivable 782,427 1,210,285
Inventories 42,755 633,581
Prepaid expenses and other assets (16,909) (328,655)
Accounts payable and accrued expenses 162,906 (625,422)
Deferred revenue (714,805) 714,805
Net cash provided by operating activities 11,007,295 11,898,509
INVESTING ACTIVITIES    
Purchases of fixed assets (200,447) (177,449)
Purchases of marketable securities (11,528,240) (9,613,052)
Proceeds from maturities of marketable securities 11,400,000 7,825,000
Net cash used in investing activities (328,687) (1,965,501)
FINANCING ACTIVITIES    
Proceeds from sale of common stock 92,310 292,909
Excess tax (deficiencies) benefits (293) 352,294
Repurchase of common stock (1,851,290)
Payment of dividends to shareholders (14,506,030) (14,570,019)
Net cash used in financing activities (14,414,013) (15,776,106)
Decrease in cash and cash equivalents (3,735,405) (5,843,098)
Cash and cash equivalents at beginning of period 7,534,593 [1] 9,437,262
Cash and cash equivalents at end of period 3,799,188 3,594,164
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 4,720,000 $ 4,490,000
[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.