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STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES    
Net income $ 13,311,718 $ 14,461,814
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 156,073 187,781
Provision for current estimate of credit losses 9,514 0
Stock-based compensation 129,392 54,218
Deferred income taxes (847,235) (61,972)
Changes in operating assets and liabilities    
Accounts receivable 4,268,102 2,607,555
Inventories (932,801) (1,370,592)
Prepaid expenses and other assets 167,546 (502,423)
Accounts payable and accrued expenses (1,147,278) (627,470)
Net cash provided by operating activities 15,115,031 14,748,911
INVESTING ACTIVITIES    
Purchases of fixed assets (16,731) (907,612)
Purchases of marketable securities (6,103,185) (26,618,617)
Proceeds from maturities of marketable securities 8,400,000 18,750,000
Receipt of tenant improvement allowance 0 100,000
Net cash provided (used) by investing activities 2,280,084 (8,676,229)
FINANCING ACTIVITIES    
Proceeds from exercise of stock options 117,527 0
Payment of dividends to shareholders (14,497,628) (14,492,478)
Cash used in financing activities (14,380,101) (14,492,478)
Increase (decrease) in cash and cash equivalents 3,015,014 (8,419,796)
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 4,684,910 2,029,714
Supplemental disclosures of cash flow information    
Cash paid during the period for income taxes $ 3,685,861 $ 4,130,278