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Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Revenue    
Revenue $ 7,107,906 $ 7,607,666
Cost of sales 1,396,005 1,798,366
Gross profit 5,711,901 5,809,300
Expenses    
Research and development 989,026 905,725
Selling, general, and administrative 328,761 399,361
Total expenses 1,317,787 1,305,086
Income from operations 4,394,114 4,504,214
Interest income 424,770 361,778
Income before taxes 4,818,884 4,865,992
Provision for income taxes 873,835 1,568,377
Net income $ 3,945,049 $ 3,297,615
Net income per share – basic (in dollars per share) $ 0.81 $ 0.68
Net income per share – diluted (in dollars per share) 0.81 0.68
Cash dividends declared per common share (in dollars per share) $ 1 $ 1
Weighted average shares outstanding    
Basic (in shares) 4,842,010 4,841,010
Diluted (in shares) 4,850,479 4,846,251
Product [Member]    
Revenue    
Revenue $ 6,870,646 $ 6,882,673
Contract Research and Development [Member]    
Revenue    
Revenue $ 237,260 $ 724,993