Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Mar. 31, 2021

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

FRIEDMAN INDUSTRIES, INCORPORATED

Column A	Column B		Column C				Column D		Column E
			Additions
Description	Balance at		Charged to		Charged to
	Beginning		Costs and		Other Accounts—		Deductions—		Balance at
	of Period		Expenses		Describe(A)		Describe(B)		End of Period
Year ended March 31, 2021
Allowance for doubtful accounts receivable and cash discounts (deducted from related asset account)	$	82,417	$	—	$	351,270	$	400,853	$	32,834
Year ended March 31, 2020
Allowance for doubtful accounts receivable and cash discounts (deducted from related asset account)	$	29,178	$	—	$	677,652	$	624,413	$	82,417

(A) Allowance for doubtful accounts charged to bad debt expense of $0 and $53,239 during fiscal years 2021 and 2020 , respectively. Cash discounts allowed on sales and charged against revenue of $351,270 and $624,413 during fiscal years 2021 and 2020 , respectively.

(B) Accounts receivable written off of $49,583 and $0 during fiscal years 2021 and 2020 , respectively. Cash discounts taken on sales of $351,270 and $624,413 during fiscal years 2021 and 2020 , respectively.