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Statements of Income - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Revenue $ 26,986,970 $ 21,366,246
Cost of sales 6,263,090 4,121,461
Gross profit 20,723,880 17,244,785
Expenses    
Research and development 2,925,874 3,184,754
Selling, general, and administrative 1,469,321 1,316,427
Total expenses 4,395,195 4,501,181
Income from operations 16,328,685 12,743,604
Interest income 1,171,128 1,498,148
Income before taxes 17,499,813 14,241,752
Provision for income taxes 2,992,312 2,547,368
Net income $ 14,507,501 $ 11,694,384
Net income per share – basic (in dollars per share) $ 3.00 $ 2.42
Net income per share – diluted (in dollars per share) 3.00 2.42
Cash dividends declared per common share (in dollars per share) $ 4.00 $ 4.00
Weighted average shares outstanding    
Basic (in shares) 4,833,661 4,834,054
Diluted (in shares) 4,835,639 4,834,462
Product [Member]    
Revenue    
Revenue $ 25,867,649 $ 20,540,557
Contract Research and Development [Member]    
Revenue    
Revenue $ 1,119,321 $ 825,689