Industry Segment Data (Tables)

12 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Summary of Significant Financial Information Relating to Product Groups

The following is a summary of significant financial information relating to the product groups:

	Year Ended March 31
	2015			2014
NET SALES:
Coil	$	72,913,058		$	66,138,845
Tubular		35,409,722			50,010,177
TOTAL NET SALES	$	108,322,780		$	116,149,022
OPERATING PROFIT (LOSS):
Coil	$	(259,690	)	$	(839,442	)
Tubular		2,602,210			5,288,372
TOTAL OPERATING PROFIT		2,342,520			4,448,930
General corporate expenses		(1,717,744	)		(1,974,234	)
Interest and other income		61,040			62,012
TOTAL EARNINGS BEFORE INCOME TAXES	$	685,816		$	2,536,708
IDENTIFIABLE ASSETS:
Coil	$	21,248,710		$	22,308,165
Tubular		42,143,785			33,794,992
		63,392,495			56,103,157
General corporate assets		3,565,529			16,181,242
TOTAL ASSETS	$	66,958,024		$	72,284,399
DEPRECIATION:
Coil	$	1,141,567		$	1,140,250
Tubular		571,086			673,850
Corporate and other		8,972			8,972
	$	1,721,625		$	1,823,072
CAPITAL EXPENDITURES:
Coil	$	229,425		$	364,443
Tubular		5,646,780			1,533,489
Corporate and other		—			9,299
	$	5,876,205		$	1,907,231