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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net earnings (loss) $ (1,349,365) $ 5,600,809
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:    
Depreciation 614,373 715,192
Deferred taxes (118,969) (7,846)
Compensation expense for restricted stock 166,472 144,480
Change in postretirement benefits 5,477 14,861
Lower of cost or net realizable value inventory adjustment 955,605
Decrease (increase) in operating assets:    
Accounts receivable, net 296,595 7,629
Inventories 12,013,518 (9,317,746)
Income taxes recoverable (304,527)
Other assets, current and non-current (513,442) (635,701)
Increase (decrease) in operating liabilities:    
Accounts payable and accrued expenses (2,730,307) 2,574,885
Income taxes payable (159,694) 913,139
Contribution to retirement plan 100,500 90,000
Employee compensation and related expenses 74,094 87,529
Other non-current liabilities 18,658
NET CASH PROVIDED BY OPERATING ACTIVITIES 9,068,988 187,231
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (796,253) (205,652)
Increase in cash surrender value of officers’ life insurance (8,740) (12,550)
NET CASH USED IN INVESTING ACTIVITIES (804,993) (218,202)
FINANCING ACTIVITIES    
Cash dividends paid (559,956) (350,472)
NET CASH USED IN FINANCING ACTIVITIES (559,956) (350,472)
INCREASE (DECREASE) IN CASH 7,704,039 (381,443)
Cash at beginning of period 11,667,161 11,667,161
CASH AT END OF PERIOD $ 19,371,200 $ 3,671,139