XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Operations - USD ($)
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 142,102,324 $ 187,154,493
Costs and expenses:    
Cost of products sold 139,491,989 174,247,456
Selling, general and administrative 5,124,572 4,782,510
Impairment loss for long-lived assets 4,338,419 1,723,539
Interest expense 4,806 17,546
Costs and expenses, total 148,959,786 180,771,051
EARNINGS (LOSS) FROM OPERATIONS (6,857,462) 6,383,442
Interest and other income 19,260 440,503
EARNINGS (LOSS) BEFORE INCOME TAXES (6,838,202) 6,823,945
Provision for (benefit from) income taxes:    
Current (404,892) 2,050,941
Deferred (1,184,100) (326,920)
Income tax (1,588,992) 1,724,021
NET EARNINGS (LOSS) $ (5,249,210) $ 5,099,924
Weighted average number of common shares outstanding:    
Basic (in shares) 7,000,403 7,010,266
Diluted (in shares) 7,000,403 7,010,266
Net earnings (loss) per share:    
Basic (in dollars per share) $ (0.75) $ 0.73
Diluted (in dollars per share) $ (0.75) $ 0.73