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Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES      
Net income $ 13,912,672 $ 12,948,869 $ 12,292,315
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 979,652 1,147,451 850,970
Stock-based compensation 40,920 22,000 21,160
Excess tax benefits (32,616) (352,294)
Deferred income taxes 96,275 6,144 295,827
Changes in operating assets and liabilities      
Accounts receivable 548,023 (1,192,716) 719,888
Inventories (292,141) (153,065) 537,259
Prepaid expenses and other assets (27,877) 127,241 (159,611)
Accounts payable and accrued expenses 37,137 77,924 (611,290)
Deferred revenue (142,733) (572,072) 714,805
Net cash provided by operating activities 15,151,928 12,379,160 14,309,029
INVESTING ACTIVITIES      
Purchases of fixed assets (604,800) (519,835) (287,275)
Purchases of marketable securities (18,217,410) (11,528,240) (14,568,089)
Proceeds from maturities of marketable securities 19,540,000 19,400,000 19,725,000
Net cash provided by investing activities 717,790 7,351,925 4,869,636
FINANCING ACTIVITIES      
Proceeds from sale of common stock 51,040 247,110 292,909
Excess tax benefits 32,616 352,294
Repurchase of common stock (2,311,673)
Payment of dividends to shareholders (19,365,040) (19,346,040) (19,414,864)
Net cash used in financing activities (19,314,000) (19,066,314) (21,081,334)
(Decrease) increase in cash and cash equivalents (3,444,282) 664,771 (1,902,669)
Cash and cash equivalents at beginning of year 8,199,364 7,534,593 9,437,262
Cash and cash equivalents at end of year 4,755,082 8,199,364 7,534,593
Supplemental disclosures of cash flow information:      
Cash paid during the year for income taxes $ 5,966,425 $ 6,040,000 $ 5,810,000