Condensed Consolidated Balance Sheets - Unaudited - USD ($)	Jun. 30, 2017	Mar. 31, 2017
CURRENT ASSETS:
Cash	$ 3,904,240	$ 1,461,695
Accounts receivable, net of allowances for bad debts and cash discounts of $27,276 at June 30 and March 31, 2017, respectively	8,259,005	8,939,051
Inventories	39,415,741	34,918,550
Other	16,793	113,540
TOTAL CURRENT ASSETS	51,595,779	45,432,836
PROPERTY, PLANT AND EQUIPMENT:
Land	1,452,799	1,082,331
Buildings and yard improvements	8,598,135	7,111,735
Machinery and equipment	39,206,048	31,451,479
Construction in progress		9,451,972
Less accumulated depreciation	(34,206,417)	(33,924,353)
Property, plant, and equipment, net	15,050,565	15,173,164
OTHER ASSETS:
Deferred income tax asset	1,107,166	1,165,950
Federal income taxes recoverable	913,347	913,347
Cash value of officers’ life insurance and other assets	336,375	578,000
TOTAL ASSETS	69,003,232	63,263,297
CURRENT LIABILITIES:
Accounts payable and accrued expenses	7,748,967	2,003,661
Dividends payable	70,094	70,094
Contribution to retirement plan	84,000	42,000
Employee compensation and related expenses	264,978	240,835
TOTAL CURRENT LIABILITIES	8,168,039	2,356,590
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	306,002	550,282
TOTAL LIABILITIES	8,474,041	2,906,872
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1 Authorized shares — 10,000,000 Issued shares — 7,975,160 at June 30 and March 31, 2017	8,185,160	8,185,160
Additional paid-in capital	28,938,154	28,865,914
Treasury stock at cost (1,175,716 shares at June 30 and March 31, 2017)	(5,475,964)	(5,475,964)
Retained earnings	28,881,841	28,781,315
TOTAL STOCKHOLDERS’ EQUITY	60,529,191	60,356,425
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 69,003,232	$ 63,263,297