Condensed Consolidated Balance Sheets - Current Period Unaudited - USD ($)	Jun. 30, 2018	Mar. 31, 2018
CURRENT ASSETS:
Cash	$ 3,298,781	$ 4,052,582
Accounts receivable, net of allowances for bad debts and cash discounts of $21,052 at June 30 and March 31, 2018, respectively	18,247,788	17,458,289
Inventories	59,598,607	45,329,434
Other	535,922	429,101
TOTAL CURRENT ASSETS	81,681,098	67,269,406
PROPERTY, PLANT AND EQUIPMENT:
Land	1,452,799	1,452,799
Buildings and yard improvements	8,813,031	8,710,958
Machinery and equipment	39,368,094	39,282,944
Less accumulated depreciation	(35,638,296)	(35,280,700)
Property, plant, and equipment, net	13,995,628	14,166,001
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	224,175	217,900
TOTAL ASSETS	95,900,901	81,653,307
CURRENT LIABILITIES:
Accounts payable and accrued expenses	19,624,966	10,233,431
Income taxes payable	862,259
Dividends payable	210,283	140,189
Contribution to retirement plan	90,000	45,000
Employee compensation and related expenses	925,277	612,015
TOTAL CURRENT LIABILITIES	21,712,785	11,030,635
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	182,486	175,056
DEFERRED INCOME TAX LIABILITY	1,968,330	1,872,166
TOTAL LIABILITIES	23,863,601	13,077,857
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000 Issued shares — 8,185,160 at June 30 and March 31, 2018	8,185,160	8,185,160
Additional paid-in capital	29,227,114	29,154,874
Treasury stock at cost (1,175,716 shares at June 30 and March 31, 2018)	(5,475,964)	(5,475,964)
Retained earnings	40,100,990	36,711,380
TOTAL STOCKHOLDERS’ EQUITY	72,037,300	68,575,450
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 95,900,901	$ 81,653,307