Condensed Consolidated Balance Sheets - Unaudited - USD ($)	Sep. 30, 2017	Mar. 31, 2017
CURRENT ASSETS:
Cash	$ 3,203,935	$ 1,461,695
Accounts receivable, net of allowances for bad debts and cash discounts of $21,052 and $27,276 at September 30 and March 31, 2017, respectively	8,783,982	8,939,051
Inventories	40,143,166	34,918,550
Other	307,169	113,540
TOTAL CURRENT ASSETS	52,438,252	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	39,229,322	31,451,479
Construction in progress		9,451,972
Less accumulated depreciation	(34,562,833)	(33,924,353)
Property, plant, and equipment, net	14,717,423	15,173,164
OTHER ASSETS:
Deferred income tax asset	960,185	1,165,950
Federal income taxes recoverable	913,347	913,347
Cash value of officers’ life insurance and other assets	340,750	578,000
TOTAL ASSETS	69,369,957	63,263,297
CURRENT LIABILITIES:
Accounts payable and accrued expenses	7,680,124	2,003,661
Dividends payable	70,094	70,094
Contribution to retirement plan	114,750	42,000
Employee compensation and related expenses	355,892	240,835
TOTAL CURRENT LIABILITIES	8,220,860	2,356,590
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	307,721	550,282
TOTAL LIABILITIES	8,528,581	2,906,872
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,185,160 at September 30 and March 31, 2017	8,185,160	8,185,160
Additional paid-in capital	29,010,394	28,865,914
Treasury stock at cost (1,175,716 shares at September 30 and March 31, 2017)	(5,475,964)	(5,475,964)
Retained earnings	29,121,786	28,781,315
TOTAL STOCKHOLDERS’ EQUITY	60,841,376	60,356,425
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 69,369,957	$ 63,263,297