XML 37 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES    
Net earnings $ 1,712,926 $ 6,135,812
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 1,823,072 1,790,041
Deferred taxes (172,281) (83,720)
Change in post-retirement benefits other than pensions 69,907 89,411
Changes in operating assets and liabilities:    
Accounts receivable, net (309,741) 7,246,829
Inventories 3,930,609 (2,465,488)
Other (26,249) (15,261)
Accounts payable and accrued expenses (3,975,464) (909,350)
Employee compensation and related expenses (157,962) (193,520)
Income taxes payable   (98,464)
Net cash provided by operating activities 2,894,817 11,496,290
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (1,907,231) (499,486)
Proceeds from sales of assets   42,375
Increase in cash value of officers' life insurance (62,000) (62,000)
Net cash used in investing activities (1,969,231) (519,111)
FINANCING ACTIVITIES    
Cash dividends paid (1,767,856) (6,935,433)
Net cash used in financing activities (1,767,856) (6,935,433)
Increase (decrease) in cash (842,270) 4,041,746
Cash at beginning of year 15,923,294 11,881,548
Cash at end of year $ 15,081,024 $ 15,923,294