Note 11 - Summary of Quarterly Results of Operations (Unaudited)

12 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Quarterly Financial Information [Text Block]

1

1

.   SUMMARY OF QUARTERLY RESULTS OF OPERATIONS (Unaudited)

The following is a summary of unaudited quarterly results of operations for the years ended

March 

31,

2020

and

2019:

	Quarter Ended
	June 30, 2019		September 30, 2019			December 31, 2019			March 31, 2020
Net sales	$	40,975,320	$	39,995,580		$	28,150,817		$	32,980,607
Gross profit (loss)		1,471,324		(782,650	)		52,933			1,868,728
Net earnings (loss)		194,772		(1,544,137	)		(881,003	)		(3,018,842	)
Basic		.03		(.22	)		(.13	)		(.43	)
Diluted		.03		(.22	)		(.13	)		(.43	)

	Quarter Ended
	June 30, 2018		September 30, 2018		December 31, 2018		March 31, 2019
Net sales	$	48,193,318	$	53,432,029	$	43,326,080	$	42,203,066
Gross profit		6,192,478		3,944,541		1,930,484		839,534
Net earnings (loss)		3,599,893		2,000,916		664,773		(1,165,658	)
Basic (1)		.51		.29		.09		(.17	)
Diluted (1)		.51		.29		.09		(.17	)

( 1 ) The sum of the quarterly earnings per share may not equal the annual amount reported due to per share amounts being calculated independently for each quarter.