v3.25.1
Balance Sheets - USD ($)
Mar. 31, 2025
Mar. 31, 2024
Current assets:    
Cash and cash equivalents $ 10,539,828 $ 6,139,823
Accounts receivable, net 3,210,840 3,907,997
Inventories, net 7,265,347 8,731,618
Corporate income taxes receivable 813,413 2,199,174
Prepaid expenses and other current assets 201,160 193,718
Total current assets 22,030,588 21,172,330
Non-current assets:    
Property, plant and equipment, net 3,128,177 3,340,615
Operating lease right-of-use assets 1,967,752 2,324,753
Security deposit 75,756 75,756
Total assets 27,202,273 26,913,454
Current liabilities:    
Accounts payable 876,730 781,082
Customer advance payments 173,074 882,525
Operating lease liabilities 395,325 351,804
Other current liabilities 801,245 861,208
Total current liabilities 2,246,374 2,876,619
Operating lease liabilities, non-current 1,841,993 2,237,317
Total liabilities 4,088,367 5,113,936
Commitments and Contingencies (Note 10)
Stockholders’ Equity    
Common Stock, $0.01 par value; 10,000,000 shares authorized; 2,388,251 and 2,380,251 shares issued and outstanding at March 31, 2025 and March 31, 2024, respectively 23,883 23,803
Additional paid-in capital 8,281,344 7,966,074
Retained earnings 14,808,679 13,809,641
Total Stockholders’ Equity 23,113,906 21,799,518
Total Liabilities and Stockholders’ Equity $ 27,202,273 $ 26,913,454