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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net earnings $ 332,655 $ 647,405
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 855,900 887,700
Provision for deferred taxes 71,156 (64,965)
Provision for postretirement benefits 46,343 38,416
Decrease (increase) in operating assets:    
Accounts receivable, net (326,624) 1,283,980
Inventories 433,698 (4,757,516)
Other (196,695) (227,666)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (322,361) (1,781,826)
Contribution to profit-sharing plan 102,000 105,000
Employee compensation and related expenses $ 1,274 166,201
Income taxes payable 79,109
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES $ 997,346 (3,624,162)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (1,321,185) (3,926,719)
Increase in cash surrender value of officers’ life insurance (34,500) (30,500)
NET CASH USED IN INVESTING ACTIVITIES (1,355,685) (3,957,219)
FINANCING ACTIVITIES    
Cash dividends paid (135,989) (271,978)
NET CASH USED IN FINANCING ACTIVITIES (135,989) (271,978)
DECREASE IN CASH (494,328) (7,853,359)
Cash at beginning of period 2,225,924 15,081,024
CASH AT END OF PERIOD $ 1,731,596 $ 7,227,665