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Statements of Income - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
Revenue      
Revenue $ 29,863,881 $ 28,326,196 $ 27,717,278
Cost of sales 6,274,744 6,078,294 6,616,852
Gross profit 23,589,137 22,247,902 21,100,426
Expenses      
Selling, general, and administrative 1,435,592 1,458,598 1,752,962
Research and development 3,702,918 3,344,101 3,061,184
Total expenses 5,138,510 4,802,699 4,814,146
Income from operations 18,450,627 17,445,203 16,286,280
Interest income 1,558,197 1,650,808 1,890,817
Income before taxes 20,008,824 19,096,011 18,177,097
Provision for income taxes 6,096,152 6,147,142 5,884,782
Net income $ 13,912,672 $ 12,948,869 $ 12,292,315
Net income per share – basic (in dollars per share) $ 2.87 $ 2.68 $ 2.53
Net income per share – diluted (in dollars per share) 2.87 2.68 2.53
Cash dividends declared per common share (in dollars per share) $ 4 $ 4 $ 4
Weighted average shares outstanding      
Basic (in shares) 4,841,347 4,836,602 4,850,209
Diluted (in shares) 4,846,212 4,838,389 4,852,602
Product [Member]      
Revenue      
Revenue $ 27,321,810 $ 26,182,453 $ 24,410,391
Contract Research and Development [Member]      
Revenue      
Revenue $ 2,542,071 $ 2,143,743 $ 3,306,887