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Condensed Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Sep. 30, 2013
Sep. 30, 2012
OPERATING ACTIVITIES    
Net earnings $ 836,018 $ 3,736,183
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation 913,800 900,598
Provision for deferred taxes (125,991) (48,583)
Provision for postretirement benefits 34,954 44,706
Decrease (increase) in operating assets:    
Accounts receivable, net 1,509,086 7,982,837
Inventories (278,444) 2,540,748
Other (254,311) (209,892)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (3,301,269) (4,224,595)
Contribution to profit-sharing plan 105,000 105,000
Employee compensation and related expenses (141,669) (34,853)
Income taxes payable   (98,464)
Deferred credit for LIFO inventory replacement 32,213  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (670,613) 10,693,685
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (153,019) (135,196)
Proceeds from sales of assets   42,375
Increase in cash surrender value of officers' life insurance (31,000) (31,000)
NET CASH USED IN INVESTING ACTIVITIES (184,019) (123,821)
FINANCING ACTIVITIES    
Cash dividends paid (1,087,912) (1,767,855)
NET CASH USED IN FINANCING ACTIVITIES (1,087,912) (1,767,855)
INCREASE (DECREASE) IN CASH (1,942,544) 8,802,009
Cash at beginning of period 15,923,294 11,881,548
CASH AT END OF PERIOD $ 13,980,750 $ 20,683,557