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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES    
Net income $ 10,691,481 $ 8,559,914
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 358,828 386,968
Stock-based compensation 73,036 41,297
Deferred income taxes 319 (73,269)
Changes in operating assets and liabilities:    
Accounts receivable (1,073,922) (467,290)
Inventories (466,898) 41,973
Prepaid expenses and other assets (435,067) 181,557
Accounts payable and other liabilities (49,447) (140,082)
Net cash provided by operating activities 9,098,330 8,531,068
INVESTING ACTIVITIES    
Purchases of fixed assets (58,317)
Proceeds from maturities of marketable securities 4,000,000 12,000,000
Cash provided by investing activities 3,941,683 11,986,373
FINANCING ACTIVITIES    
Repurchase of common stock 0 (91,419)
Payment of dividends to shareholders (14,499,696) (14,503,308)
Cash used in financing activities (14,499,696) (14,594,727)
(Decrease) increase in cash and cash equivalents (1,459,683) 5,922,714
Cash and cash equivalents at beginning of period 10,427,340 8,065,594
Cash and cash equivalents at end of period 8,967,657 13,988,308
Supplemental disclosures of cash flow information:    
Cash paid during the period for income taxes $ 2,490,000 $ 1,636,788