XML 16 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
OPERATING ACTIVITIES      
Net income $ 12,948,869 $ 12,292,315 $ 14,368,354
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, Depletion and Amortization 1,147,451 850,970 934,371
Stock-based compensation 22,000 21,160 58,960
Excess tax benefits (32,616) (352,294) (24,288)
Deferred income taxes 6,144 295,827 155,713
Changes in operating assets and liabilities      
Accounts receivable (1,192,716) 719,888 (632,400)
Inventories (153,065) 537,259 (535,159)
Prepaid expenses and other assets 127,241 (159,611) 241,363
Accounts payable and accrued expenses 77,924 (611,290) 303,152
Deferred revenue (572,072) 714,805
Net cash provided by operating activities 12,379,160 14,309,029 14,870,066
INVESTING ACTIVITIES      
Purchases of fixed assets (519,835) (287,275) (185,007)
Purchases of marketable securities (11,528,240) (14,568,089) (8,997,086)
Proceeds from maturities of marketable securities 19,400,000 19,725,000 12,160,000
Net cash provided by investing activities 7,351,925 4,869,636 2,977,907
FINANCING ACTIVITIES      
Proceeds from sale of common stock 247,110 292,909 302,701
Excess tax benefits 32,616 352,294 24,288
Repurchase of common stock (2,311,673)
Payment of dividends to shareholders (19,346,040) (19,414,864) (10,000,000)
Net cash used in financing activities (19,066,314) (21,081,334) (9,673,011)
Increase (decrease) in cash and cash equivalents 664,771 (1,902,669) 8,174,962
Cash and cash equivalents at beginning of year 7,534,593 9,437,262 1,262,300
Cash and cash equivalents at end of year 8,199,364 7,534,593 9,437,262
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes $ 6,040,000 $ 5,810,000 $ 6,800,000