Note 9 - Industry Segment Data (Tables)

12 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended March 31
	20 20			2019
NET SALES:
Coil	$	99,762,892		$	124,555,478
Tubular		42,339,432			62,599,015
TOTAL NET SALES	$	142,102,324		$	187,154,493
OPERATING PROFIT (LOSS):
Coil	$	1,252,669		$	6,414,396
Tubular		(5,564,882	)		2,328,871
TOTAL OPERATING PROFIT (LOSS)		(4,312,213	)		8,743,267
General corporate expenses		(2,540,443	)		(2,342,279	)
Interest expense		(4,806	)		(17,546	)
Interest and other income		19,260			440,503
TOTAL EARNINGS (LOSS) BEFORE INCOME TAXES	$	(6,838,202	)	$	6,823,945
IDENTIFIABLE ASSETS:
Coil	$	35,894,510		$	43,104,205
Tubular		23,659,457			31,519,755
		59,553,967			74,623,960
General corporate assets		17,790,121			11,978,022
TOTAL ASSETS	$	77,344,088		$	86,601,982
DEPRECIATION:
Coil	$	836,730		$	551,241
Tubular		675,048			782,327
Corporate and other		13,183			6,924
	$	1,524,961		$	1,340,492
CAPITAL EXPENDITURES:
Coil	$	4,060,911		$	396,299
Tubular		841,817			377,400
Corporate and other		32,633			34,290
	$	4,935,361		$	807,989