XML 23 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Mar. 31, 2012
Current Assets:    
Cash and cash equivalents $ 4,726,531 $ 5,814,184
Accounts receivable, less allowance for doubtful accounts of $78,000 and $108,000 10,508,028 8,952,007
Notes and other receivables-current 41,867 64,254
Income tax receivable 500,026 642,000
Inventories 13,320,446 14,542,890
Deferred income taxes 430,000 430,000
Prepaid expenses and other 562,658 761,025
Total Current Assets 30,089,556 31,206,360
Property and Equipment, net 1,914,389 1,889,658
Cash Surrender Value of Life Insurance Policies 1,700,673 1,683,672
Notes and Other Receivables-LongTerm 113,028 191,505
Other Assets 19,388 112,172
Total Assets 33,837,034 35,083,367
Current Liabilities:    
Accounts payable 4,802,719 5,999,598
Accrued expenses 2,111,943 1,966,839
Total Current Liabilities 6,914,662 7,966,437
Deferred Income Taxes 64,000 64,000
Common stock, $.25 par value; 4,000,000 shares authorized, 2,446,286 shares issued and outstanding 611,571 611,571
Additional paid-in capital 6,308,411 6,308,411
Retained earnings 19,938,390 20,132,948
Total Stockholders' Equity 26,858,372 27,052,930
Total Liabilities and Stockholders’ Equity $ 33,837,034 $ 35,083,367