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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net earnings (loss) $ (1,461,219) $ 525,949
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:    
Depreciation 401,999 427,950
Deferred taxes (41,156) 35,578
Change in postretirement benefits 14,420 23,171
Federal and state income taxes recoverable (1,068,338)
Decrease (increase) in operating assets:    
Accounts receivable (2,525,312) 1,244,504
Inventories 2,079,596 680,834
Other current assets 118,106 126,456
Accounts payable and accrued expenses 704,630 (778,408)
Income taxes payable 62,974
Contribution to retirement plan 43,500 51,000
Employee compensation and related expenses 36,288 118,971
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (1,697,486) 2,518,979
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (198,688) (835,230)
Increase in cash surrender value of officers’ life insurance (14,750) (17,250)
NET CASH USED IN INVESTING ACTIVITIES (213,438) (852,480)
FINANCING ACTIVITIES    
Cash dividends paid (67,994) (67,994)
NET CASH USED IN FINANCING ACTIVITIES (67,994) (67,994)
INCREASE (DECREASE) IN CASH (1,978,918) 1,598,505
Cash at beginning of period 2,796,762 2,225,924
CASH AT END OF PERIOD $ 817,844 $ 3,824,429