Note 8 - Industry Segment Data (Tables)

12 Months Ended

Mar. 31, 2016

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended March 31
	2016			2015
NET SALES:
Coil	$	66,114,148		$	72,913,058
Tubular		15,517,234			35,409,722
TOTAL NET SALES	$	81,631,382		$	108,322,780
OPERATING PROFIT (LOSS):
Coil	$	5,098,322		$	(259,690	)
Tubular		(3,097,409	)		2,602,210
TOTAL OPERATING PROFIT		2,000,913			2,342,520
General corporate expenses		(1,977,542	)		(1,717,744	)
Interest and other income		375,310			61,040
TOTAL EARNINGS BEFORE INCOME TAXES	$	398,681		$	685,816
IDENTIFIABLE ASSETS:
Coil	$	25,316,558		$	21,248,710
Tubular		37,543,446			42,143,785
		62,860,004			63,392,495
General corporate assets		4,030,393			3,565,529
TOTAL ASSETS	$	66,890,397		$	66,958,024
DEPRECIATION:
Coil	$	1,153,519		$	1,141,567
Tubular		510,427			571,086
Corporate and other		9,775			8,972
	$	1,673,721		$	1,721,625
CAPITAL EXPENDITURES:
Coil	$	422,481		$	229,425
Tubular		1,695,512			5,646,780
Corporate and other		6,656			—
	$	2,124,649		$	5,876,205