$NVEC
NVE CORP /NEW/ Stock $nvec

$nvec Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-K Financial Statement

#000137647423000283 Filed on May 03, 2023

Income Statement

Concept	2023 Q2	2023 Q1	2023
Revenue	$8.831M	$12.80M	$38.25M
YoY Change	20.38%	90.45%	41.75%
Cost Of Revenue	$2.080M	$2.529M	$8.062M
YoY Change	25.9%	61.68%	28.73%
Gross Profit	$6.752M	$10.27M	$30.19M
YoY Change	18.77%	99.19%	45.68%
Gross Profit Margin	76.45%	80.24%	78.92%
Selling, General & Admin	$687.6K	$752.7K	$1.963M
YoY Change	85.17%	204.21%	33.61%
% of Gross Profit	10.18%	7.33%	6.5%
Research & Development	$696.0K	$611.5K	$2.584M
YoY Change	15.63%	-24.81%	-11.68%
% of Gross Profit	10.31%	5.96%	8.56%
Depreciation & Amortization	$59.46K	$69.83K	$257.6K
YoY Change	-32.14%	5.56%	-39.38%
% of Gross Profit	0.88%	0.68%	0.85%
Operating Expenses	$1.384M	$1.364M	$4.547M
YoY Change	42.16%	28.62%	3.46%
Operating Profit	$5.368M	$8.904M	$25.64M
YoY Change	13.94%	117.47%	57.05%
Interest Expense	$436.5K	$408.1K	$1.449M
YoY Change	54.22%	34.87%	23.7%
% of Operating Profit	8.13%	4.58%	5.65%
Other Income/Expense, Net
YoY Change
Pretax Income	$5.805M	$9.312M	$27.09M
YoY Change	16.23%	111.78%	54.82%
Income Tax	$1.401M	$1.080M	$4.398M
% Of Pretax Income	24.14%	11.59%	16.23%
Net Earnings	$4.404M	$8.233M	$22.69M
YoY Change	6.37%	115.74%	56.43%
Net Earnings / Revenue	49.86%	64.33%	59.33%
Basic Earnings Per Share	$0.91		$4.70
Diluted Earnings Per Share	$0.91	$1.70	$4.70
COMMON SHARES
Basic Shares Outstanding	4.831M shares	4.831M shares	4.831M shares
Diluted Shares Outstanding	4.841M shares		4.832M shares

Balance Sheet

Concept	2023 Q2	2023 Q1	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.61M	$17.18M	$17.18M
YoY Change	-51.7%	-45.08%	-45.08%
Cash & Equivalents	$1.440M	$1.670M	$1.670M
Short-Term Investments	$12.17M	$15.51M	$15.51M
Other Short-Term Assets	$707.2K	$663.5K	$663.5K
YoY Change	-2.05%	57.77%	57.77%
Inventory	$6.292M	$6.417M	$6.417M
Prepaid Expenses	$707.2K	$663.5K
Receivables	$5.397M	$6.523M	$6.523M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$26.01M	$30.79M	$30.79M
YoY Change	-31.49%	-25.82%	-25.82%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.665M	$1.771M	$1.771M
YoY Change	244.32%	192.1%	51.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$39.72M	$36.13M	$36.13M
YoY Change	55.65%	48.58%	48.58%
Other Assets	$724.8K	$572.0K	$572.0K
YoY Change	25.33%	18.32%	18.32%
Total Long-Term Assets	$42.11M	$1.345M	$38.47M
YoY Change	55.34%	-94.82%	48.16%
TOTAL ASSETS
Total Short-Term Assets	$26.01M	$30.79M	$30.79M
Total Long-Term Assets	$42.11M	$1.345M	$38.47M
Total Assets	$68.12M	$69.26M	$69.26M
YoY Change	4.68%	2.65%	2.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$159.2K	$281.7K	$281.7K
YoY Change	-46.13%	-70.14%	-70.14%
Accrued Expenses	$1.112M	$1.375M	$1.551M
YoY Change	34.93%	-9.09%	2.53%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.271M	$1.833M	$1.833M
YoY Change	13.54%	-25.39%	-25.39%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$301.9K	$342.9K	$342.9K
YoY Change	-26.63%	-23.12%	-23.12%
Total Long-Term Liabilities	$301.9K	$342.9K	$342.9K
YoY Change	-26.63%	-23.12%	-23.12%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.271M	$1.833M	$1.833M
Total Long-Term Liabilities	$301.9K	$342.9K	$342.9K
Total Liabilities	$1.573M	$2.176M	$2.176M
YoY Change	2.75%	-25.04%	-25.04%
SHAREHOLDERS EQUITY
Retained Earnings	$48.52M	$48.95M
YoY Change	8.1%	7.4%
Common Stock	$48.33K	$48.31K
YoY Change	-99.75%	-99.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$66.55M	$67.08M	$67.08M
YoY Change
Total Liabilities & Shareholders Equity	$68.12M	$69.26M	$69.26M
YoY Change	4.68%	2.65%	2.65%

Cashflow Statement

Concept	2023 Q2	2023 Q1	2023
OPERATING ACTIVITIES
Net Income	$4.404M	$8.233M	$22.69M
YoY Change	6.37%	115.74%	56.43%
Depreciation, Depletion And Amortization	$59.46K	$69.83K	$257.6K
YoY Change	-32.14%	5.56%	-39.38%
Cash From Operating Activities	$5.025M	$4.343M	$19.09M
YoY Change	50.86%	27.52%	52.69%
INVESTING ACTIVITIES
Capital Expenditures	$4.130K	$28.18K	$935.8K
YoY Change	-83.14%	-106.61%	93.11%
Acquisitions
YoY Change
Other Investing Activities	-$537.8K	$177.3K	-$7.591M
YoY Change	-112.3%	-94.93%	-201.22%
Cash From Investing Activities	-$542.0K	$149.1K	-$8.527M
YoY Change	-112.46%	-95.15%	-221.55%
FINANCING ACTIVITIES
Cash Dividend Paid	$4.831M		$19.32M
YoY Change	0.0%		-0.05%
Common Stock Issuance & Retirement, Net			$20.70K
YoY Change			-87.34%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-4.713M	-4.852M	-$19.34M
YoY Change	-2.43%	-2.92%	-0.78%
NET CHANGE
Cash From Operating Activities	5.025M	4.343M	$19.09M
Cash From Investing Activities	-542.0K	149.1K	-$8.527M
Cash From Financing Activities	-4.713M	-4.852M	-$19.34M
Net Change In Cash	-230.0K	-359.8K	-$8.780M
YoY Change	-108.07%	-124.28%	-39701.33%
FREE CASH FLOW
Cash From Operating Activities	$5.025M	$4.343M	$19.09M
Capital Expenditures	$4.130K	$28.18K	$935.8K
Free Cash Flow	$5.021M	$4.314M	$18.16M
YoY Change	51.85%	12.6%	51.06%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10449510	usd
CY2023Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	15513095	usd
CY2022Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	20839683	usd
CY2023Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	15000	usd
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	15000	usd
CY2023Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6523344	usd
CY2022Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4704829	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	6417010	usd
CY2022Q1	us-gaap	Inventory Net InventoryNet	5088635	usd
CY2023Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	663459	usd
CY2022Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	420520	usd
CY2023Q1	us-gaap	Assets Current AssetsCurrent	30786804	usd
CY2022Q1	us-gaap	Assets Current AssetsCurrent	41503177	usd
CY2023Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	10484365	usd
CY2022Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	9739244	usd
CY2023Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1956309	usd
CY2022Q1	us-gaap	Leasehold Improvements Gross LeaseholdImprovementsGross	1810872	usd
CY2023Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	11095236	usd
CY2022Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	10943731	usd
CY2023Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	1345438	usd
CY2022Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	606385	usd
CY2023Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	572038	usd
CY2022Q1	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	483469	usd
CY2023Q1	us-gaap	Marketable Securities Noncurrent MarketableSecuritiesNoncurrent	36125047	usd
CY2022Q1	us-gaap	Marketable Securities Noncurrent MarketableSecuritiesNoncurrent	24314211	usd
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	425843	usd
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	560250	usd
CY2023Q1	us-gaap	Assets Assets	69255170	usd
CY2022Q1	us-gaap	Assets Assets	67467492	usd
CY2023Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	281712	usd
CY2022Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	943535	usd
CY2023Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1375250	usd
CY2022Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1356689	usd
CY2023Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	175798	usd
CY2022Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	156121	usd
CY2023Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1832760	usd
CY2022Q1	us-gaap	Liabilities Current LiabilitiesCurrent	2456345	usd
CY2023Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	342908	usd
CY2022Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	446018	usd
CY2023Q1	us-gaap	Liabilities Liabilities	2175668	usd
CY2022Q1	us-gaap	Liabilities Liabilities	2902363	usd
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	6000000	shares
CY2022Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	6000000	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4830826	shares
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4830826	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4830826	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4830826	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	48308	usd
CY2022Q1	us-gaap	Common Stock Value CommonStockValue	48308	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	19295442	usd
CY2022Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	19256485	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1213858	usd
CY2022Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-318120	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	48949610	usd
CY2022Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	45578456	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	67079502	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	64565129	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	69255170	usd
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	67467492	usd
CY2023	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	37196717	usd
CY2022	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	25867649	usd
CY2023	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1056875	usd
CY2022	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	1119321	usd
CY2023	us-gaap	Revenues Revenues	38253592	usd
CY2022	us-gaap	Revenues Revenues	26986970	usd
CY2023	us-gaap	Cost Of Revenue CostOfRevenue	8062311	usd
CY2022	us-gaap	Cost Of Revenue CostOfRevenue	6263090	usd
CY2023	us-gaap	Gross Profit GrossProfit	30191281	usd
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	000-12196
CY2023	dei	Entity Registrant Name EntityRegistrantName	NVE CORP
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MN
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	41-1424202
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	11409 Valley View Road
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Eden Prairie
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	MN
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	55344
CY2023	dei	Entity Address Address Description EntityAddressAddressDescription	Address of principal executive offices
CY2023	dei	Phone Fax Number Description PhoneFaxNumberDescription	Registrant’s telephone number, including area code
CY2023	dei	City Area Code CityAreaCode	952
CY2023	dei	Local Phone Number LocalPhoneNumber	829-9217
CY2023	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value
CY2023	dei	Trading Symbol TradingSymbol	NVEC
CY2023	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023Q1	dei	Entity Public Float EntityPublicFloat	169000000	usd
CY2023	dei	Entity Listing Par Value Per Share EntityListingParValuePerShare	0.01
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	4830826	shares
CY2023	dei	Auditor Name AuditorName	Boulay PLLP
CY2023	dei	Auditor Firm AuditorFirmId	542
CY2023	dei	Auditor Location AuditorLocation	Minneapolis, Minnesota
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1669896	usd
CY2022	us-gaap	Gross Profit GrossProfit	20723880	usd
CY2023	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2583994	usd
CY2022	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	2925874	usd
CY2023	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1963105	usd
CY2022	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1469321	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	4547099	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	4395195	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	25644182	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	16328685	usd
CY2023	us-gaap	Investment Income Interest InvestmentIncomeInterest	1448655	usd
CY2022	us-gaap	Investment Income Interest InvestmentIncomeInterest	1171128	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27092837	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	17499813	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4398379	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2992312	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	22694458	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	14507501	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.70
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.00
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.70
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.00
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	4.00
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	4.00
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4830826	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4833661	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4832096	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4835639	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	22694458	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	14507501	usd
CY2023	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-895738	usd
CY2022	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-1419239	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	21798720	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	13088262	usd
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	70891942	usd
CY2022	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	-163521	usd
CY2022	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	0	usd
CY2022	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-1419239	usd
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CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	13088262	usd
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CY2023	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	-20700	usd
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CY2023	us-gaap	Net Income Loss NetIncomeLoss	22694458	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	21798720	usd
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CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	67079502	usd
CY2023	us-gaap	Profit Loss ProfitLoss	22694458	usd
CY2022	us-gaap	Profit Loss ProfitLoss	14507501	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	257606	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	424981	usd
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CY2022	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	24457	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1818515	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2740548	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1328375	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1187858	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	208532	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-99724	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-726695	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1293567	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	19091498	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	12503679	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	935791	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	484579	usd
CY2023	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	28441317	usd
CY2022	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	0	usd
CY2023	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	20750000	usd
CY2022	us-gaap	Proceeds From Sale And Maturity Of Held To Maturity Securities ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities	7500000	usd
CY2023	us-gaap	Proceeds From Contribution In Aid Of Construction ProceedsFromContributionInAidOfConstruction	100000	usd
CY2022	us-gaap	Proceeds From Contribution In Aid Of Construction ProceedsFromContributionInAidOfConstruction	0	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8527108	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	7015421	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	20700	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	163521	usd
CY2023	us-gaap	Payments Of Dividends PaymentsOfDividends	19323304	usd
CY2022	us-gaap	Payments Of Dividends PaymentsOfDividends	19333409	usd
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CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-19496930	usd
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CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	22170	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10449510	usd
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10427340	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1669896	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	10449510	usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	4501656	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	2520000	usd
CY2023	us-gaap	Nature Of Operations NatureOfOperations	<p style="font:10pt Times New Roman;margin:0"><b>NOTE 1. DESCRIPTION OF BUSINESS</b></p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">We develop and sell devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. We operate in one reportable segment.</p>
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font:10pt Times New Roman;margin:0"><b>Concentration of Risk and Financial Instruments</b></p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">Financial instruments potentially subject to significant concentrations of credit risk consist principally of cash equivalents, marketable securities, and accounts receivable.</p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">Cash and cash equivalents have been maintained in financial institutions we believe have high credit quality, however, these accounts are generally in excess of federally insured amounts.</p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">We have invested our excess cash in corporate-backed and municipal-backed bonds and money market instruments. Our investment policy prescribes purchases of only high-grade securities, and limits the amount of credit exposure to any one issuer.</p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">Our customers are throughout the world. We generally do not require collateral from our customers, but we perform ongoing credit evaluations of their financial condition. More information on accounts receivable is contained in the paragraph titled “Accounts Receivable and Allowance for Doubtful Accounts” of this note.</p> <p style="font:10pt Times New Roman;margin:0"> </p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">Additionally, we are dependent on critical suppliers including our packaging vendors and suppliers of certain raw silicon and semiconductor wafers that are incorporated in our products. Industry shortages and supply-chain disruptions in the past several years have increased the risks of supply interruptions.</p>
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	usd
CY2023	us-gaap	Depreciation Depreciation	196738	usd
CY2022	us-gaap	Depreciation Depreciation	214877	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4830826	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4833661	shares
CY2023	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	1270	usd
CY2022	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	1978	usd
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4832096	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	4835639	shares
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="font:10pt Times New Roman;margin:0"><b>Use of Estimates</b></p> <p style="font:10pt Times New Roman;margin:0;text-indent:9pt">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires us to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p>
CY2022Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	52318107	usd
CY2022Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	230085	usd
CY2022Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	637305	usd
CY2022Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	51910887	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	52544283	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	16419236	usd
CY2023Q1	fil	Available For Sale Securities Debt Maturities After One Through Three Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue	21694499	usd
CY2023Q1	fil	Available For Sale Securities Debt Maturities After Three Through Seven Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterThreeThroughSevenYearsFairValue	14430548	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	52544283	usd
CY2022Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	51910887	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	54098122	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	1007	usd
CY2023Q1	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	1554846	usd
CY2023Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	52544283	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	37084628	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	590967	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	13294817	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	963879	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	50379445	usd
CY2023Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	1554846	usd
CY2022Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months	6306750	usd
CY2022Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss	23727	usd
CY2022Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger	9738338	usd
CY2022Q1	us-gaap	Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss	613578	usd
CY2022Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position DebtSecuritiesAvailableForSaleUnrealizedLossPosition	16045088	usd
CY2022Q1	us-gaap	Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss	637305	usd
CY2023Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	1601962	usd
CY2022Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	987062	usd
CY2023Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3781894	usd
CY2022Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	3355838	usd
CY2023Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	1033154	usd
CY2022Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	745735	usd
CY2023Q1	us-gaap	Inventory Net InventoryNet	6417010	usd
CY2022Q1	us-gaap	Inventory Net InventoryNet	5088635	usd
CY2023	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	59657	usd
CY2022	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	81855	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed	Black-Scholes-Merton option-pricing model
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P4Y7M6D
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P4Y7M6D
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	29000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	69.52
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	30500	shares
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	68.28
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	6500	shares
CY2023	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	50.35
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	6500	shares
CY2022	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	74.22
CY2023	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	1000	shares
CY2023	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	57.46
CY2022	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	5000	shares
CY2022	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	61.36
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	0	shares
CY2023	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	0
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	3000	shares
CY2022	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	80.75
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	34500	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	66.26
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	29000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	69.52
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	32000	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	63.60
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	24000	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	64.32
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	9.06
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	13.04
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber	34500	shares
CY2023	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P5Y8M1D
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	66.26
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	562415	usd
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	32000	shares
CY2023Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	63.60
CY2023Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	562415	usd
CY2023Q1	fil	Remaining Weighted Average Exercisable Life Years RemainingWeightedAverageExercisableLifeYears	5.9	pure
CY2022Q1	fil	Remaining Weighted Average Exercisable Life Years RemainingWeightedAverageExercisableLifeYears	5.0	pure
CY2023Q1	fil	Outstanding Options Exercisable OutstandingOptionsExercisable	32000	shares
CY2022Q1	fil	Outstanding Options Exercisable OutstandingOptionsExercisable	24000	shares
CY2023	fil	Total Fair Value Of Option Grants1 TotalFairValueOfOptionGrants1	58900	usd
CY2023	fil	Unrecognized Stock Based Compensation UnrecognizedStockBasedCompensation	2173	usd
CY2023	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	4039848	usd
CY2022	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	2863915	usd
CY2023	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	195939	usd
CY2022	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	140822	usd
CY2023	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	156053	usd
CY2022	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-11926	usd
CY2023	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	6539	usd
CY2022	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-499	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4398379	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2992312	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	5689294	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	3674961	usd
CY2023	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	180091	usd
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	136144	usd
CY2023	us-gaap	Income Tax Reconciliation Tax Credits Research IncomeTaxReconciliationTaxCreditsResearch	255713	usd
CY2022	us-gaap	Income Tax Reconciliation Tax Credits Research IncomeTaxReconciliationTaxCreditsResearch	42688	usd
CY2023	us-gaap	Income Tax Reconciliation Tax Credits Foreign IncomeTaxReconciliationTaxCreditsForeign	1265055	usd
CY2022	us-gaap	Income Tax Reconciliation Tax Credits Foreign IncomeTaxReconciliationTaxCreditsForeign	662467	usd
CY2023	us-gaap	Income Tax Effects Allocated Directly To Equity Other IncomeTaxEffectsAllocatedDirectlyToEquityOther	49762	usd
CY2022	us-gaap	Income Tax Effects Allocated Directly To Equity Other IncomeTaxEffectsAllocatedDirectlyToEquityOther	-113638	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4398379	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	2992312	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Paid Time Off Accrual ComponentsOfDeferredTaxAssetsAndLiabilitiesPaidTimeOffAccrual	52525	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Paid Time Off Accrual ComponentsOfDeferredTaxAssetsAndLiabilitiesPaidTimeOffAccrual	63055	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Inventory Reserve ComponentsOfDeferredTaxAssetsAndLiabilitiesInventoryReserve	47042	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Inventory Reserve ComponentsOfDeferredTaxAssetsAndLiabilitiesInventoryReserve	47042	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Depreciation And Amortization ComponentsOfDeferredTaxAssetsAndLiabilitiesDepreciationAndAmortization	-167551	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Depreciation And Amortization ComponentsOfDeferredTaxAssetsAndLiabilitiesDepreciationAndAmortization	88690	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Stock Based Compensation Deductions ComponentsOfDeferredTaxAssetsAndLiabilitiesStockBasedCompensationDeductions	71734	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Stock Based Compensation Deductions ComponentsOfDeferredTaxAssetsAndLiabilitiesStockBasedCompensationDeductions	88710	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Unrealized Gain On Marketable Securities ComponentsOfDeferredTaxAssetsAndLiabilitiesUnrealizedGainOnMarketableSecurities	339980	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Unrealized Gain On Marketable Securities ComponentsOfDeferredTaxAssetsAndLiabilitiesUnrealizedGainOnMarketableSecurities	89102	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Unicap263a Inventory ComponentsOfDeferredTaxAssetsAndLiabilitiesUnicap263aInventory	204424	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Unicap263a Inventory ComponentsOfDeferredTaxAssetsAndLiabilitiesUnicap263aInventory	103588	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Other ComponentsOfDeferredTaxAssetsAndLiabilitiesOther	23884	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Other ComponentsOfDeferredTaxAssetsAndLiabilitiesOther	3282	usd
CY2023Q1	fil	Components Of Deferred Tax Assets And Liabilities Deferred Tax Assets ComponentsOfDeferredTaxAssetsAndLiabilitiesDeferredTaxAssets	572038	usd
CY2022Q1	fil	Components Of Deferred Tax Assets And Liabilities Deferred Tax Assets ComponentsOfDeferredTaxAssetsAndLiabilitiesDeferredTaxAssets	483469	usd
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CY2022	us-gaap	Available For Sale Debt Securities Gross Unrealized Loss AvailableForSaleDebtSecuritiesGrossUnrealizedLoss	1816742	usd
CY2023	fil	Unrealized Loss From Available For Sale Securities Tax Effects UnrealizedLossFromAvailableForSaleSecuritiesTaxEffects	250880	usd
CY2022	fil	Unrealized Loss From Available For Sale Securities Tax Effects UnrealizedLossFromAvailableForSaleSecuritiesTaxEffects	397503	usd
CY2023	fil	Unrealized Loss From Available For Sale Securities Net Of Tax UnrealizedLossFromAvailableForSaleSecuritiesNetOfTax	-895738	usd
CY2022	fil	Unrealized Loss From Available For Sale Securities Net Of Tax UnrealizedLossFromAvailableForSaleSecuritiesNetOfTax	-1419239	usd
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	151014	usd
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	170062	usd
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	75168	usd
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	174313	usd
CY2023Q1	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P3Y
CY2022Q1	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P4Y
CY2023Q1	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.035	pure
CY2022Q1	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.035	pure
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	178640	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	182271	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	184995	usd
CY2023Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	545906	usd
CY2023Q1	us-gaap	Unrecorded Unconditional Purchase Obligation Imputed Interest UnrecordedUnconditionalPurchaseObligationImputedInterest	27200	usd
CY2023Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	518706	usd
CY2009Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	2500000	usd
CY2023	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1000	shares
CY2022	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	2888	shares
CY2023Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	3520369	usd
CY2023	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent DefinedContributionPlanEmployerMatchingContributionPercent	1	pure
CY2023	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.03	pure
CY2023	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	98029	usd
CY2022	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	101735	usd
CY2023Q2	us-gaap	Subsequent Events Date SubsequentEventsDate	2023-05-03
CY2023Q2	us-gaap	Subsequent Event Description SubsequentEventDescription	we announced that our Board had declared a quarterly cash dividend
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.00
CY2023Q2	us-gaap	Dividend Payable Date To Be Paid Day Month And Year DividendPayableDateToBePaidDayMonthAndYear	2023-05-31
CY2023Q2	us-gaap	Dividends Payable Date Of Record Day Month And Year DividendsPayableDateOfRecordDayMonthAndYear	2023-05-15

Files In Submission

Name	View Source	Status
nvec-20230331_cal.xml	Edgar Link	unprocessable
0001376474-23-000283-index-headers.html	Edgar Link	pending
0001376474-23-000283-index.html	Edgar Link	pending
0001376474-23-000283.txt	Edgar Link	pending
0001376474-23-000283-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
nve10k_1.jpg	Edgar Link	pending
nve10k_2.jpg	Edgar Link	pending
nvec-20230331.htm	Edgar Link	pending
nvec-20230331.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
nve_ex23.htm	Edgar Link	pending
nve_ex31z1.htm	Edgar Link	pending
nve_ex31z2.htm	Edgar Link	pending
nve_ex32.htm	Edgar Link	pending
nve_ex4.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R5.htm	Edgar Link	pending
nvec-20230331_lab.xml	Edgar Link	unprocessable
nvec-20230331_pre.xml	Edgar Link	unprocessable
nvec-20230331_htm.xml	Edgar Link	completed
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
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R71.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
nvec-20230331_def.xml	Edgar Link	unprocessable

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$NVEC
NVE CORP /NEW/ Stock $nvec

2023 Q2 Form 10-K Financial Statement

#000137647423000283 Filed on May 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVEC NVE CORP /NEW/ Stock $nvec

2023 Q2 Form 10-K Financial Statement

#000137647423000283 Filed on May 03, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NVEC
NVE CORP /NEW/ Stock $nvec