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BALANCE SHEETS (June 30, 2025 Unaudited) - USD ($)
Jun. 30, 2025
Mar. 31, 2025
Current assets    
Cash and cash equivalents $ 3,222,552 $ 8,036,564
Marketable securities, short-term (amortized cost of $12,610,115 as of June 30, 2025, and $13,730,266 as of March 31, 2025) 12,607,242 13,691,593
Accounts receivable, net of allowance for credit losses of $15,000 2,253,821 3,589,268
Inventories, net 7,453,369 7,449,083
Prepaid expenses and other assets 630,171 433,414
Total current assets 26,167,155 33,199,922
Fixed assets    
Machinery and equipment 12,816,729 11,758,205
Leasehold improvements 1,956,309 1,956,309
Less accumulated depreciation and amortization 11,813,014 11,727,615
Net fixed assets 2,960,024 1,986,899
Deferred tax assets 1,849,001 1,867,069
Marketable securities, long-term (amortized cost of $31,679,330 as of June 30, 2025, and $26,353,692 as of March 31, 2025) 31,690,932 26,304,623
Right-of-use asset - operating lease 886,451 917,349
Total assets 63,553,563 64,275,862
Long-Lived Assets 14,773,038 13,714,514
Current liabilities    
Accounts payable 177,214 214,691
Accrued payroll and other 1,394,428 871,169
Operating lease 53,817 83,010
Total current liabilities 1,625,459 1,168,870
Long-term operating lease liability 838,481 838,221
Total liabilities 2,463,940 2,007,091
Shareholders' equity    
Common Stock, Value 48,372 48,372
Additional paid-in capital 19,827,944 19,821,106
Accumulated other comprehensive income (loss) 6,818 (68,544)
Retained earnings 41,206,489 42,467,837
Total shareholders' equity 61,089,623 62,268,771
Total liabilities and shareholders' equity $ 63,553,563 $ 64,275,862 [1]
[1] The March 31, 2025 Balance Sheet is derived from the audited financial statements contained in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025.