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Statements of Shareholders' Equity - USD ($)
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Additional Paid-in Capital [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
AOCI Attributable to Parent [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings [Member]
Cumulative Effect, Period of Adoption, Adjustment [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
AOCI Attributable to Parent [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Mar. 31, 2018           4,842,010        
Balance at Mar. 31, 2018           $ 48,420 $ 19,599,298 $ (915,635) $ 67,709,657 $ 86,441,740
Exercise of stock options (in shares)           4,000        
Exercise of stock options           $ 40 217,900 217,940
Unrealized gain on marketable securities, net of tax           893,275 893,275
Net income                 14,507,936 14,507,936
Total comprehensive income                   15,401,211
Stock-based compensation           93,360 93,360
Cash dividends declared                 (19,374,040) (19,374,040)
Balance (in shares) at Mar. 31, 2019 4,846,010                  
Balance at Mar. 31, 2019 $ (60,365) $ 60,365 $ 48,460 19,910,558 (82,725) 62,903,918 82,780,211 [1]
Exercise of stock options (in shares)           2,000        
Exercise of stock options           $ 20 112,340 112,360
Unrealized gain on marketable securities, net of tax           599,248 599,248
Net income                 14,526,642 14,526,642
Total comprehensive income                   15,125,890
Stock-based compensation           48,360 48,360
Cash dividends declared                 (19,384,040) (19,384,040)
Repurchase of common stock (in shares)           (12,972)        
Repurchase of common stock           $ (130) (687,302) (687,432)
Balance (in shares) at Mar. 31, 2020           4,835,038        
Balance at Mar. 31, 2020           $ 48,350 $ 19,383,956 $ 516,523 $ 58,046,520 $ 77,995,349
[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.