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BALANCE SHEETS (December 31, 2023 Unaudited) - USD ($)
Dec. 31, 2023
Mar. 31, 2023
Current assets    
Cash and cash equivalents $ 4,684,910 $ 1,669,896
Marketable securities, short-term (amortized cost of $14,556,450 as of December 31, 2023, and $15,696,135 as of March 31, 2023) 14,335,619 15,513,095
Accounts receivable, net of allowance for credit losses of $15,000 2,245,728 6,523,344
Inventories 7,349,811 6,417,010
Prepaid expenses and other assets 597,305 663,459
Total current assets 29,213,373 30,786,804
Fixed assets    
Machinery and equipment 10,501,096 10,484,365
Leasehold improvements 1,956,309 1,956,309
Less accumulated depreciation and amortization 11,326,985 11,095,236
Net fixed assets 1,130,420 1,345,438
Deferred tax assets 1,290,284 572,038
Marketable securities, long-term (amortized cost of $36,414,391 as of December 31, 2023, and $37,495,846 as of March 31, 2023) 35,670,914 36,125,047
Right-of-use asset - operating lease 324,451 425,843
Total assets 67,629,442 69,255,170
Current liabilities    
Accounts payable 170,701 281,712
Accrued payroll and other 460,414 1,375,250
Operating lease 178,490 175,798
Total current liabilities 809,605 1,832,760
Operating lease 218,785 342,908
Total liabilities 1,028,390 2,175,668
Shareholders' equity    
Common Stock, Value 48,334 48,308
Additional paid-in capital 19,542,335 19,295,442
Accumulated other comprehensive loss (753,317) (1,213,858)
Retained earnings 47,763,700 48,949,610
Total shareholders' equity 66,601,052 67,079,502
Total liabilities and shareholders' equity $ 67,629,442 $ 69,255,170