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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
OPERATING ACTIVITIES    
Net income $ 4,403,730 $ 4,140,116
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 59,457 87,621
Provision for current estimate of credit losses 212,440 0
Stock-based compensation 10,536 7,134
Deferred income taxes (87,000) 1
Changes in operating assets and liabilities    
Accounts receivable 913,872 1,191,613
Inventories 124,848 (455,402)
Prepaid expenses and other assets (10,243) (268,772)
Accounts payable and accrued expenses (602,338) (1,371,168)
Net cash provided by operating activities 5,025,302 3,331,143
INVESTING ACTIVITIES    
Purchases of fixed assets (4,131) (24,500)
Purchases of marketable securities (3,937,835) (4,976,063)
Proceeds from maturities of marketable securities 3,400,000 9,250,000
Receipt of tenant improvement allowance 0 100,000
Net cash (used) provided by investing activities (541,966) 4,349,437
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 117,527 0
Payment of dividends to shareholders (4,830,826) (4,830,826)
Cash used in financing activities (4,713,299) (4,830,826)
(Decrease) increase in cash and cash equivalents (229,963) 2,849,754
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Beginning Balance 1,669,896 10,449,510
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance 1,439,933 13,299,264
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes $ 1,195,542 $ 1,275,629