Condensed Consolidated Balance Sheets - Unaudited - USD ($)	Sep. 30, 2015	Mar. 31, 2015
CURRENT ASSETS:
Cash	$ 1,731,596	$ 2,225,924
Accounts receivable, net of allowances for bad debts and cash discounts of $22,276 and $27,276 at September 30 and March 31, 2015, respectively	7,222,810	6,896,186
Inventories	40,416,968	40,850,666
Other	341,274	144,579
TOTAL CURRENT ASSETS	49,712,648	50,117,355
PROPERTY, PLANT AND EQUIPMENT:
Land	1,082,331	1,082,331
Buildings and yard improvements	7,101,615	7,026,980
Machinery and equipment	30,816,304	30,690,049
Construction in progress	8,494,472	7,374,177
Less accumulated depreciation	(31,512,126)	(30,656,226)
Property, plant, and equipment, net	15,982,596	15,517,311
OTHER ASSETS:
Deferred income tax asset	116,202	187,358
Cash value of officers’ life insurance and other assets	1,170,500	1,136,000
TOTAL ASSETS	66,981,946	66,958,024
CURRENT LIABILITIES:
Accounts payable and accrued expenses	1,826,194	2,148,555
Dividends payable	67,994	67,994
Contribution to profit sharing plan	153,000	51,000
Employee compensation and related expenses	384,836	383,562
TOTAL CURRENT LIABILITIES	2,432,024	2,651,111
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	1,136,231	1,089,888
Common stock, par value $1, Authorized shares — 10,000,000, Issued shares — 7,975,160 at September 30 and March 31, 2015	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 September 30 and March 31, 2015)	(5,475,964)	(5,475,964)
Retained earnings	31,910,821	31,714,155
TOTAL STOCKHOLDERS’ EQUITY	63,413,691	63,217,025
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 66,981,946	$ 66,958,024