Condensed Consolidated Balance Sheets - Current Period Unaudited - USD ($)	Dec. 31, 2018	Mar. 31, 2018
CURRENT ASSETS:
Cash	$ 2,575,269	$ 4,052,582
Accounts receivable, net of allowances for bad debts and cash discounts of $21,052 December 31, 2018 and March 31, 2018	17,207,574	17,458,289
Inventories	59,415,035	45,329,434
Other	684,237	429,101
TOTAL CURRENT ASSETS	79,882,115	67,269,406
PROPERTY, PLANT AND EQUIPMENT:
Land	1,452,799	1,452,799
Buildings and yard improvements	8,816,631	8,710,958
Machinery and equipment	39,824,953	39,282,944
Less accumulated depreciation	(36,353,488)	(35,280,700)
Property, plant, and equipment, net	13,740,895	14,166,001
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	236,725	217,900
TOTAL ASSETS	93,859,735	81,653,307
CURRENT LIABILITIES:
Accounts payable and accrued expenses	16,727,511	10,233,431
Income taxes payable	175,845
Dividends payable	420,567	140,189
Contribution to retirement plan	200,000	45,000
Employee compensation and related expenses	334,082	612,015
TOTAL CURRENT LIABILITIES	17,858,005	11,030,635
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	197,347	175,056
DEFERRED INCOME TAX LIABILITY	1,798,048	1,872,166
TOTAL LIABILITIES	19,853,400	13,077,857
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000 Issued shares — 8,185,160 at December 31 and March 31, 2018	8,185,160	8,185,160
Additional paid-in capital	29,371,594	29,154,874
Treasury stock at cost (1,175,716 shares at December 31 and March 31, 2018)	(5,475,964)	(5,475,964)
Retained earnings	41,925,545	36,711,380
TOTAL STOCKHOLDERS’ EQUITY	74,006,335	68,575,450
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 93,859,735	$ 81,653,307