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Condensed Consolidated Statements of Cash flows (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
OPERATING ACTIVITIES    
Net earnings (loss) $ (118,250) $ 808,359
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:    
Depreciation 443,849 456,898
Provision for deferred taxes (37,448) (102,845)
Change in postretirement benefits 19,208 22,353
Decrease (increase) in operating assets:    
Accounts receivable 1,240,793 579,356
Inventories (3,624,589) 7,197,984
Other current assets 100,189 92,311
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (1,643,532) (6,851,767)
Contribution to profit sharing plan 52,500 52,500
Employee compensation and related expenses (52,815) (62,729)
Deferred credit for LIFO inventory replacement   54,625
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (3,620,095) 2,247,045
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (521,512) (14,590)
Increase in cash surrender value of officers' life insurance (15,250) (15,500)
NET CASH USED IN INVESTING ACTIVITIES (536,762) (30,090)
FINANCING ACTIVITIES    
Cash dividends paid (135,989) (543,956)
NET CASH USED IN FINANCING ACTIVITIES (135,989) (543,956)
INCREASE (DECREASE) IN CASH (4,292,846) 1,672,999
Cash at beginning of period 15,081,024 15,923,294
CASH AT END OF PERIOD $ 10,788,178 $ 17,596,293