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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
6 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES    
Net earnings (loss) $ 480,659 $ (2,065,101)
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:    
Depreciation 638,480 804,000
Deferred taxes 205,765 (539,059)
Compensation expense for restricted stock 144,480
Change in postretirement benefits 3,439 28,841
Decrease (increase) in operating assets:    
Accounts receivable, net 155,069 (380,557)
Inventories (5,224,616) 7,887,724
Federal income taxes recoverable (913,347)
Other (193,629) (121,378)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 5,676,463 126,617
Contribution to retirement plan 72,750 87,000
Employee compensation and related expenses 115,057 24,089
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,073,917 4,938,829
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (182,739) (436,787)
Increase in cash surrender value of officers’ life insurance (8,750) (29,500)
NET CASH USED IN INVESTING ACTIVITIES (191,489) (466,287)
FINANCING ACTIVITIES    
Cash dividends paid (140,188) (135,989)
NET CASH USED IN FINANCING ACTIVITIES (140,188) (135,989)
INCREASE IN CASH 1,742,240 4,336,553
Cash at beginning of period 1,461,695 2,796,762
CASH AT END OF PERIOD $ 3,203,935 $ 7,133,315