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Condensed Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Mar. 31, 2013
CURRENT ASSETS:    
Cash $ 17,089,296 $ 15,923,294
Accounts receivable, net of allowances for bad debts and cash discounts of $27,276 and $37,276 at December 31 and March 31, 2013, respectively 4,938,697 9,037,548
Inventories 38,027,470 39,219,168
Other 239,459 103,547
TOTAL CURRENT ASSETS 60,294,922 64,283,557
PROPERTY, PLANT AND EQUIPMENT:    
Land 1,109,372 1,082,331
Buildings and yard improvements 7,014,180 7,014,180
Machinery and equipment 30,634,646 30,293,590
Less accumulated depreciation (28,479,829) (27,111,529)
Property, Plant and Equipment, Net, Total 10,278,369 11,278,572
OTHER ASSETS:    
Cash value of officers' life insurance and other assets 1,059,500 1,013,000
TOTAL ASSETS 71,632,791 76,575,129
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 6,702,944 11,181,804
Dividends payable 135,989 543,956
Contribution to profit-sharing plan 210,000 52,500
Employee compensation and related expenses 317,932 533,822
TOTAL CURRENT LIABILITIES 7,366,865 12,312,082
DEFERRED INCOME TAXES 213,143 362,279
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS 995,579 943,149
STOCKHOLDERS' EQUITY:    
Common stock, par value $1: Authorized shares - 10,000,000 Issued shares - 7,975,160 at December 31 and March 31, 2013 7,975,160 7,975,160
Additional paid-in capital 29,003,674 29,003,674
Treasury stock at cost (1,175,716 shares at December 31 and March 31, 2013) (5,475,964) (5,475,964)
Retained earnings 31,554,334 31,454,749
TOTAL STOCKHOLDERS' EQUITY 63,057,204 62,957,619
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 71,632,791 $ 76,575,129