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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
OPERATING ACTIVITIES    
Net earnings (loss) $ 525,949 $ (118,250)
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:    
Depreciation 427,950 443,849
Deferred taxes 35,578 (37,448)
Change in postretirement benefits 23,171 19,208
Decrease (increase) in operating assets:    
Accounts receivable 1,244,504 1,240,793
Inventories 680,834 (3,624,589)
Other current assets 126,456 100,189
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (778,408) (1,643,532)
Income taxes payable 62,974  
Contribution to profit sharing plan 51,000 52,500
Employee compensation and related expenses 118,971 (52,815)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 2,518,979 (3,620,095)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (835,230) (521,512)
Increase in cash surrender value of officers' life insurance (17,250) (15,250)
NET CASH USED IN INVESTING ACTIVITIES (852,480) (536,762)
FINANCING ACTIVITIES    
Cash dividends paid (67,994) (135,989)
NET CASH USED IN FINANCING ACTIVITIES (67,994) (135,989)
INCREASE (DECREASE) IN CASH 1,598,505 (4,292,846)
Cash at beginning of period 2,225,924 15,081,024
CASH AT END OF PERIOD $ 3,824,429 $ 10,788,178