XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Income - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue    
Revenue $ 21,366,246 $ 25,412,163
Cost of sales 4,121,461 4,889,295
Gross profit 17,244,785 20,522,868
Expenses    
Research and development 3,184,754 3,690,539
Selling, general, and administrative 1,316,427 1,317,543
Total expenses 4,501,181 5,008,082
Income from operations 12,743,604 15,514,786
Interest income 1,498,148 1,787,117
Income before taxes 14,241,752 17,301,903
Provision for income taxes 2,547,368 2,775,261
Net income $ 11,694,384 $ 14,526,642
Net income per share – basic (in dollars per share) $ 2.42 $ 3
Net income per share – diluted (in dollars per share) 2.42 3
Cash dividends declared per common share (in dollars per share) $ 4 $ 4
Weighted average shares outstanding    
Basic (in shares) 4,834,054 4,845,627
Diluted (in shares) 4,834,462 4,847,294
Product [Member]    
Revenue    
Revenue $ 20,540,557 $ 24,400,192
Contract Research and Development [Member]    
Revenue    
Revenue $ 825,689 $ 1,011,971