Note 13 - Industry Segment Data (Tables)

12 Months Ended

Mar. 31, 2021

Notes Tables

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

	Year Ended March 31,
	2021			2020
NET SALES:
Coil	$	95,264,555		$	99,762,892
Tubular		30,837,978			42,339,432
TOTAL NET SALES	$	126,102,533		$	142,102,324
OPERATING PROFIT (LOSS):
Coil	$	16,466,713		$	1,252,669
Tubular		2,923,399			(5,564,882	)
TOTAL OPERATING PROFIT (LOSS)		19,390,112			(4,312,213	)
General corporate expenses		(3,640,098	)		(2,540,443	)
Interest expense		(24,619	)		(4,806	)
Other income (loss)		(503,422	)		19,260
TOTAL EARNINGS (LOSS) BEFORE INCOME TAXES	$	15,221,973		$	(6,838,202	)
IDENTIFIABLE ASSETS:
Coil	$	56,670,109		$	35,894,510
Tubular		17,883,612			23,659,457
		74,553,721			59,553,967
General corporate assets		20,455,088			17,790,121
TOTAL ASSETS	$	95,008,809		$	77,344,088
DEPRECIATION:
Coil	$	653,708		$	836,730
Tubular		346,135			675,048
Corporate and other		13,074			13,183
	$	1,012,917		$	1,524,961
CAPITAL EXPENDITURES:
Coil	$	4,505,589		$	4,060,911
Tubular		78,061			841,817
Corporate and other		25,967			32,633
	$	4,609,617		$	4,935,361