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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net income $ 8,559,914 $ 11,160,145
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 386,968 403,691
Stock-based compensation 41,297 48,360
Deferred income taxes (73,269) 71,800
Changes in operating assets and liabilities:    
Accounts receivable (467,290) 876,601
Inventories 41,973 105,134
Prepaid expenses and other assets 181,557 80,746
Accounts payable and other liabilities (140,082) (210,172)
Net cash provided by operating activities 8,531,068 12,536,305
INVESTING ACTIVITIES    
Purchases of fixed assets (13,627) (26,076)
Purchases of marketable securities (7,196,330)
Proceeds from maturities of marketable securities 12,000,000 12,500,000
Cash provided by investing activities 11,986,373 5,277,594
FINANCING ACTIVITIES    
Repurchase of common stock (91,419)
Payment of dividends to shareholders (14,503,308) (14,538,030)
Cash used in financing activities (14,594,727) (14,538,030)
Increase in cash and cash equivalents 5,922,714 3,275,869
Cash and cash equivalents at beginning of period 8,065,594 6,877,304
Cash and cash equivalents at end of period 13,988,308 10,153,173
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 1,636,788 $ 1,931,661