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Balance Sheets - USD ($)
Mar. 31, 2022
Mar. 31, 2021
Current assets    
Cash and cash equivalents $ 10,449,510 $ 10,427,340
Marketable securities, short-term 20,839,683 7,678,957
Accounts receivable, net of allowance for uncollectible accounts of $15,000 4,704,829 1,964,281
Inventories 5,088,635 3,900,777
Prepaid expenses and other assets 420,520 391,278
Total current assets 41,503,177 24,362,633
Fixed assets    
Machinery and equipment 9,739,244 9,254,664
Leasehold improvements 1,810,872 1,810,872
Property, Plant and Equipment, Gross, Ending Balance 11,550,116 11,065,536
Less accumulated depreciation and amortization 10,943,731 10,728,853
Net fixed assets 606,385 336,683
Deferred tax assets 483,469 73,538
Marketable securities, long-term 24,314,211 47,038,669
Right-of-use asset – operating lease 560,250 689,216
Total assets 67,467,492 72,500,739
Current liabilities    
Accounts payable 943,535 336,591
Accrued payroll and other 1,356,689 540,474
Operating lease 156,121 150,273
Total current liabilities 2,456,345 1,027,338
Operating lease 446,018 581,459
Total liabilities 2,902,363 1,608,797
Shareholders’ equity    
Common stock, $0.01 par value, 6,000,000 shares authorized; 4,830,826 issued and outstanding as of March 31, 2022 and 4,833,232 as of March 31, 2021 48,308 48,332
Additional paid-in capital 19,256,485 19,338,127
Accumulated other comprehensive income (loss) (318,120) 1,101,119
Retained earnings 45,578,456 50,404,364
Total shareholders’ equity 64,565,129 70,891,942
Total liabilities and shareholders’ equity $ 67,467,492 $ 72,500,739