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Note 7 - Income Taxes - Significant Components of Consolidated Deferred Tax Assets (Details) - USD ($)
Mar. 31, 2019
Mar. 31, 2018
Depreciation $ (954,569) $ (1,053,139)
LIFO to average cost Section 481(a) adjustment (903,330) (1,284,952)
Total deferred tax liabilities (1,857,899) (2,338,091)
Inventory capitalization 106,856 114,428
Postretirement benefits other than pensions 50,798 36,762
Net operating loss carryforward - Federal 184,668
Net operating loss carryforward - State 21,507
Other 154,999 108,560
Total deferred tax assets 312,653 465,925
Net deferred tax liability $ (1,545,246) $ (1,872,166)