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Balance Sheets - USD ($)
Mar. 31, 2018
Mar. 31, 2017
ASSETS    
Cash and cash equivalents $ 4,755,082 $ 8,199,364
Marketable securities, short-term 20,765,809 19,591,833
Accounts receivable, net of allowance for uncollectible accounts of $15,000 2,888,779 3,436,802
Inventories 3,650,439 3,358,298
Prepaid expenses and other assets 635,160 607,283
Total current assets 32,695,269 35,193,580
Fixed assets    
Machinery and equipment 9,395,987 9,007,455
Leasehold improvements 1,749,284 1,644,419
11,145,271 10,651,874
Less accumulated depreciation and amortization 9,819,888 9,238,626
Net fixed assets 1,325,383 1,413,248
Deferred tax assets 572,655 357,055
Marketable securities, long-term 52,838,158 56,810,923
Total assets 87,431,465 93,774,806
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 414,970 376,275
Accrued payroll and other 574,755 576,313
Deferred revenue 142,733
Total current liabilities 989,725 1,095,321
Shareholders’ equity    
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,842,010 issued and outstanding as of March 31, 2018 and 4,841,010 issued and outstanding as of March 31, 2017 48,420 48,410
Additional paid-in capital 19,599,298 19,507,348
Accumulated other comprehensive loss (915,635) (38,298)
Retained earnings 67,709,657 73,162,025
Total shareholders’ equity 86,441,740 92,679,485
Total liabilities and shareholders’ equity $ 87,431,465 $ 93,774,806