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BALANCE SHEETS (December 31, 2022 Unaudited) - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Current assets    
Cash and cash equivalents $ 1,439,933 $ 1,669,896
Marketable securities, short-term (amortized cost of $12,300,315 as of June 30, 2023, and $15,696,135 as of March 31, 2023) 12,173,737 15,513,095
Accounts receivable, net of allowance for credit losses of $227,440 as of June 30, 2023, and $15,000 as of March 31, 2023 5,397,032 6,523,344
Inventories 6,292,162 6,417,010
Prepaid expenses and other assets 707,175 663,459
Total current assets 26,010,039 30,786,804
Fixed assets    
Machinery and equipment 10,488,496 10,484,365
Leasehold improvements 1,956,309 1,956,309
Less accumulated depreciation and amortization 11,172,258 11,095,236
Net fixed assets 1,272,547 1,345,438
Deferred tax assets 724,773 572,038
Marketable securities, long-term (amortized cost of $41,447,065 as of June 30, 2023, and $37,495,846 as of March 31, 2023) 39,719,369 36,125,047
Right-of-use asset - operating lease 392,370 425,843
Total assets 68,119,098 69,255,170
Current liabilities    
Accounts payable 159,155 281,712
Accrued payroll and other 935,621 1,375,250
Operating lease 176,688 175,798
Total current liabilities 1,271,464 1,832,760
Operating lease 301,866 342,908
Total liabilities 1,573,330 2,175,668
Shareholders' equity    
Common Stock, Value 48,334 48,308
Additional paid-in capital 19,423,479 19,295,442
Accumulated other comprehensive loss (1,448,559) (1,213,858)
Retained earnings 48,522,514 48,949,610
Total shareholders' equity 66,545,768 67,079,502
Total liabilities and shareholders' equity $ 68,119,098 $ 69,255,170