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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net earnings $ 5,600,809 $ 759,664
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation 715,192 638,480
Deferred taxes (7,846) 314,248
Compensation expense for restricted stock 144,480 144,480
Change in postretirement benefits 14,861 3,439
Decrease (increase) in operating assets:    
Accounts receivable, net 7,629 155,069
Inventories (9,317,746) (5,627,744)
Other current assets (635,701) (193,629)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses 2,574,885 5,676,463
Income taxes payable 913,139 15,640
Contribution to retirement plan 90,000 72,750
Employee compensation and related expenses 87,529 115,057
NET CASH PROVIDED BY OPERATING ACTIVITIES 187,231 2,073,917
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (205,652) (182,739)
Increase in cash surrender value of officers’ life insurance (12,550) (8,750)
NET CASH USED IN INVESTING ACTIVITIES (218,202) (191,489)
FINANCING ACTIVITIES    
Cash dividends paid (350,472) (140,188)
NET CASH USED IN FINANCING ACTIVITIES (350,472) (140,188)
INCREASE (DECREASE) IN CASH (381,443) 1,742,240
Cash at beginning of period 4,052,582 1,461,695
CASH AT END OF PERIOD $ 3,671,139 $ 3,203,935