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Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 11,694,384 $ 14,526,642
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 542,926 549,969
Stock-based compensation 45,572 48,360
Deferred income taxes (129,155) 77,779
Changes in operating assets and liabilities:    
Accounts receivable 729,737 301,620
Inventories (16,327) 380,426
Prepaid expenses and other assets 391,699 (394,504)
Accounts payable and accrued expenses 105,996 405,481
Net cash provided by operating activities 13,364,832 15,895,773
INVESTING ACTIVITIES    
Purchases of fixed assets (62,727) (52,041)
Purchases of marketable securities (10,512,400) (7,196,330)
Proceeds from maturities and sales of marketable securities 19,000,000 12,500,000
Net cash provided by investing activities 8,424,873 5,251,629
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 112,360
Repurchase of common stock (91,419) (687,432)
Payment of dividends to shareholders (19,336,540) (19,384,040)
Net cash used in financing activities (19,427,959) (19,959,112)
Increase in cash and cash equivalents 2,361,746 1,188,290
Cash and cash equivalents at beginning of year 8,065,594 6,877,304
Cash and cash equivalents at end of year 10,427,340 8,065,594
Supplemental disclosures of cash flow information:    
Cash paid during the year for income taxes $ 2,438,788 $ 2,586,661