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Balance Sheets - USD ($)
Mar. 31, 2021
Mar. 31, 2020
Current assets    
Cash and cash equivalents $ 10,427,340 $ 8,065,594
Marketable securities, short-term 7,678,957 19,084,814
Accounts receivable, net of allowance for uncollectible accounts of $15,000 1,964,281 2,694,018
Inventories 3,900,777 3,884,450
Prepaid expenses and other assets 391,278 655,835
Total current assets 24,362,633 34,384,711
Fixed assets    
Machinery and equipment 9,254,664 9,280,062
Leasehold improvements 1,810,872 1,797,245
Property, Plant and Equipment, Gross, Ending Balance 11,065,536 11,077,307
Less accumulated depreciation and amortization 10,728,853 10,494,840
Net fixed assets 336,683 582,467
Deferred tax assets 73,538 108,119
Marketable securities, long-term 47,038,669 43,606,495
Right-of-use asset – operating lease 689,216 816,358
Total assets 72,500,739 79,498,150
Current liabilities    
Accounts payable 336,591 186,993
Accrued payroll and other 540,474 482,074
Operating lease 150,273 127,134
Total current liabilities 1,027,338 796,201
Operating lease 581,459 706,600
Total liabilities 1,608,797 1,502,801
Shareholders’ equity    
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,833,232 issued and outstanding as of March 31, 2021 and 4,835,038 as of March 31, 2020 48,332 48,350
Additional paid-in capital 19,338,127 19,383,956
Accumulated other comprehensive income 1,101,119 516,523
Retained earnings 50,404,364 58,046,520
Total shareholders’ equity 70,891,942 77,995,349
Total liabilities and shareholders’ equity $ 72,500,739 $ 79,498,150