Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2021	Mar. 31, 2021
CURRENT ASSETS:
Cash	$ 890,858	$ 8,191,001
Accounts receivable, net of allowances for bad debts and cash discounts of $32,834 at June 30, and March 31, 2021	29,984,388	20,377,967
Inventories	67,176,033	36,016,093
Other current assets	33,001,422	12,949,574
TOTAL CURRENT ASSETS	131,052,701	77,534,635
PROPERTY, PLANT AND EQUIPMENT:
Land	1,179,831	1,179,831
Buildings and yard improvements	8,560,967	9,199,704
Machinery and equipment	34,025,160	35,253,000
Construction in process	2,687,807	9,614
Less accumulated depreciation	(28,573,603)	(30,180,893)
Property, plant, and equipment, net	17,880,162	15,461,256
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	296,336	148,494
Deferred income tax asset	6,337,656	1,864,424
TOTAL ASSETS	155,566,855	95,008,809
CURRENT LIABILITIES:
Accounts payable and accrued expenses	44,012,195	15,185,038
Dividends payable	137,991	138,117
Contribution to retirement plan	100,000	50,000
Employee compensation and related expenses	4,680,580	2,643,538
Income taxes payable	3,622,124	1,455,099
Current portion of financing lease	103,185	102,689
Current portion of derivative liability	27,526,880	7,979,380
Current portion of Paycheck Protection Program loan	0	1,518,410
TOTAL CURRENT LIABILITIES	80,182,955	29,072,271
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	110,795	108,609
OTHER NON-CURRENT LIABILITIES	1,467,617	315,978
ASSET BASED LENDING FACILITY	10,863,213	0
LONG TERM PORTION OF PAYCHECK PROTECTION PROGRAM LOAN	0	171,975
TOTAL LIABILITIES	92,624,580	29,668,833
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,334,785 shares at June 30, and March 31, 2021	8,334,785	8,334,785
Additional paid-in capital	30,125,166	30,003,462
Accumulated other comprehensive loss	(24,881,178)	(11,187,841)
Treasury stock at cost (1,435,248 shares at June 30, and March 31, 2021)	(7,203,342)	(7,203,342)
Retained earnings	56,566,844	45,392,912
TOTAL STOCKHOLDERS’ EQUITY	62,942,275	65,339,976
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 155,566,855	$ 95,008,809