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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES    
Net income $ 11,160,145 $ 11,649,064
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 403,691 531,685
Stock-based compensation 48,360 93,360
Deferred income taxes 71,800 (30,648)
Changes in operating assets and liabilities:    
Accounts receivable 876,601 171,051
Inventories 105,134 (491,042)
Prepaid expenses and other assets 80,746 (120,646)
Accounts payable and other liabilities (210,172) (123,775)
Net cash provided by operating activities 12,536,305 11,679,049
INVESTING ACTIVITIES    
Purchases of fixed assets (26,076) (68,265)
Purchases of marketable securities (7,196,330) (11,649,227)
Proceeds from maturities of marketable securities 12,500,000 15,800,000
Cash provided by investing activities 5,277,594 4,082,508
FINANCING ACTIVITIES    
Proceeds from sale of common stock 217,940
Payment of dividends to shareholders (14,538,030) (14,528,030)
Cash used in financing activities (14,538,030) (14,310,090)
Increase in cash and cash equivalents 3,275,869 1,451,467
Cash and cash equivalents at beginning of period 6,877,304 [1] 4,755,082
Cash and cash equivalents at end of period 10,153,173 6,206,549
Cash paid during the period for income taxes $ 1,931,661 $ 2,696,045
[1] The March 31, 2019 Balance Sheet is derived from the audited financial statements contained in our Annual Report on Form 10-K for the fiscal year ended March 31, 2019.