Note 7 - Industry Segment Data (Tables)

12 Months Ended

Mar. 31, 2017

Notes Tables

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

	Year Ended March 31
	2017			2016
NET SALES:
Coil	$	64,641,805		$	66,114,148
Tubular		13,114,250			15,517,234
TOTAL NET SALES	$	77,756,055		$	81,631,382
OPERATING PROFIT (LOSS):
Coil	$	(770,091	)	$	5,098,322
Tubular		(1,438,088	)		(3,097,409	)
TOTAL OPERATING PROFIT (LOSS)		(2,208,179	)		2,000,913
General corporate expenses		(2,001,642	)		(1,977,542	)
Interest and other income		59,005			375,310
TOTAL EARNINGS (LOSS) BEFORE INCOME TAXES	$	(4,150,816	)	$	398,681
IDENTIFIABLE ASSETS:
Coil	$	21,832,790		$	25,316,558
Tubular		37,298,800			37,543,446
		59,131,590			62,860,004
General corporate assets		4,131,707			4,030,393
TOTAL ASSETS	$	63,263,297		$	66,890,397
DEPRECIATION:
Coil	$	1,208,446		$	1,153,519
Tubular		378,077			510,427
Corporate and other		7,883			9,775
	$	1,594,406		$	1,673,721
CAPITAL EXPENDITURES:
Coil	$	75,889		$	422,481
Tubular		715,973			1,695,512
Corporate and other		7,469			6,656
	$	799,331		$	2,124,649