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Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net income $ 4,634,205 $ 7,429,481
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 259,241 266,916
Stock-based compensation 37,022 48,360
Deferred income taxes (61,437) 75,521
Changes in operating assets and liabilities:    
Accounts receivable 771,942 (220,147)
Inventories (44,074) (90,456)
Prepaid expenses and other assets 108,697 41,687
Accounts payable and other liabilities (164,625) (130,726)
Net cash provided by operating activities 5,540,971 7,420,636
INVESTING ACTIVITIES    
Purchases of fixed assets (16,100)
Purchases of marketable securities (3,013,530)
Proceeds from maturities of marketable securities 12,500,000
Cash provided by investing activities 9,470,370
FINANCING ACTIVITIES    
Repurchase of common stock (91,419)
Payment of dividends to shareholders (9,670,076) (9,692,020)
Cash used in financing activities (9,761,495) (9,692,020)
(Decrease) increase in cash and cash equivalents (4,220,524) 7,198,986
Cash and cash equivalents at beginning of period 8,065,594 6,877,304
Cash and cash equivalents at end of period 3,845,070 14,076,290
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 934,788 $ 1,230,000