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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net earnings $ 3,599,893 $ 364,330
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 357,596 282,064
Deferred taxes 96,164 144,961
Compensation expense for restricted stock 72,240 72,240
Change in postretirement benefits 7,430 1,720
Decrease (increase) in operating assets:    
Accounts receivable (789,499) 680,046
Inventories (14,269,173) (4,777,078)
Other current assets (106,821) 96,747
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 9,391,535 5,745,306
Income taxes payable 862,259
Contribution to retirement plan 45,000 42,000
Employee compensation and related expenses 313,262 24,143
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (420,114) 2,676,479
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (187,223) (159,465)
Increase in cash surrender value of officers’ life insurance (6,275) (4,375)
NET CASH USED IN INVESTING ACTIVITIES (193,498) (163,840)
FINANCING ACTIVITIES    
Cash dividends paid (140,189) (70,094)
NET CASH USED IN FINANCING ACTIVITIES (140,189) (70,094)
INCREASE (DECREASE) IN CASH (753,801) 2,442,545
Cash at beginning of period 4,052,582 1,461,695
CASH AT END OF PERIOD $ 3,298,781 $ 3,904,240