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Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Revenue $ 7,506,075 $ 6,996,234 $ 14,613,981 $ 14,603,900
Cost of sales 1,352,845 1,353,169 2,748,850 3,151,535
Gross profit 6,153,230 5,643,065 11,865,131 11,452,365
Expenses        
Research and development 971,963 1,030,504 1,960,989 1,936,229
Selling, general, and administrative 377,448 348,363 706,209 747,724
Total expenses 1,349,411 1,378,867 2,667,198 2,683,953
Income from operations 4,803,819 4,264,198 9,197,933 8,768,412
Interest income 443,325 387,860 868,095 749,638
Income before taxes 5,247,144 4,652,058 10,066,028 9,518,050
Provision for income taxes 964,534 1,491,023 1,838,369 3,059,400
Net income $ 4,282,610 $ 3,161,035 $ 8,227,659 $ 6,458,650
Net income per share – basic (in dollars per share) $ 0.88 $ 0.65 $ 1.70 $ 1.33
Net income per share – diluted (in dollars per share) 0.88 0.65 1.70 1.33
Cash dividends declared per common share (in dollars per share) $ 1 $ 1 $ 2 $ 2
Weighted average shares outstanding        
Basic (in shares) 4,843,032 4,841,010 4,842,524 4,841,010
Diluted (in shares) 4,852,644 4,845,632 4,851,072 4,845,907
Product [Member]        
Revenue        
Revenue $ 7,054,977 $ 6,387,080 $ 13,925,623 $ 13,269,753
Contract Research and Development [Member]        
Revenue        
Revenue $ 451,098 $ 609,154 $ 688,358 $ 1,334,147