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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Net Sales $ 28,502,049 $ 28,150,817 $ 76,888,329 $ 109,121,717
Costs and expenses        
Costs of goods sold 24,006,200 28,097,884 71,044,629 108,380,110
General, selling and administrative costs 1,725,143 1,200,393 4,518,785 3,662,630
Interest expense 6,148 2,463 18,356 2,463
Costs and expenses, total 25,737,491 29,300,740 75,581,770 112,045,203
EARNINGS (LOSS) FROM OPERATIONS 2,764,558 (1,149,923) 1,306,559 (2,923,486)
Interest and other income (4,339) (4,370) (12,987) (15,075)
EARNINGS (LOSS) BEFORE INCOME TAXES 2,768,897 (1,145,553) 1,319,546 (2,908,411)
Provision for (benefit from) income taxes:        
Current 757,097 244,940 634,056 (49,584)
Deferred (117,945) (509,490) (335,388) (628,459)
Income tax 639,152 (264,550) 298,668 (678,043)
NET EARNINGS (LOSS) $ 2,129,745 $ (881,003) $ 1,020,878 $ (2,230,368)
Weighted average number of common shares outstanding:        
Basic (in shares) 7,039,736 6,999,444 7,062,628 6,999,444
Diluted (in shares) 7,039,736 6,999,444 7,062,628 6,999,444
Net earnings (loss) per share:        
Basic (in dollars per share) $ 0.30 $ (0.13) $ 0.14 $ (0.32)
Diluted (in dollars per share) 0.30 (0.13) 0.14 (0.32)
Cash dividends declared per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.08