Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2021	Mar. 31, 2021
CURRENT ASSETS:
Cash	$ 2,943,597	$ 8,191,001
Accounts receivable, net of allowances for bad debts and cash discounts of $32,834 at September 30, and March 31, 2021	32,333,608	20,377,967
Inventories	67,737,618	36,016,093
Current portion of derivative assets	1,832,840	622,400
Other current assets	6,807,381	12,327,174
TOTAL CURRENT ASSETS	111,655,044	77,534,635
PROPERTY, PLANT AND EQUIPMENT:
Land	1,179,831	1,179,831
Buildings and yard improvements	8,567,916	9,199,704
Machinery and equipment	30,375,429	35,253,000
Construction in process	5,994,357	9,614
Less accumulated depreciation	(25,340,164)	(30,180,893)
Property, plant, and equipment, net	20,777,369	15,461,256
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	287,154	148,494
Deferred income tax asset	5,102,939	1,864,424
TOTAL ASSETS	137,822,506	95,008,809
CURRENT LIABILITIES:
Accounts payable and accrued expenses	26,748,702	15,185,038
Dividends payable	138,111	138,117
Contribution to retirement plan	150,000	50,000
Employee compensation and related expenses	4,354,803	2,643,538
Income taxes payable	3,331,540	1,455,099
Current portion of financing lease	103,684	102,689
Current portion of derivative liability	4,600,440	7,979,380
Current portion of Paycheck Protection Program loan	0	1,518,410
TOTAL CURRENT LIABILITIES	39,427,280	29,072,271
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	112,982	108,609
OTHER NON-CURRENT LIABILITIES	3,368,756	315,978
ASSET BASED LENDING FACILITY	14,578,487	0
LONG TERM PORTION OF PAYCHECK PROTECTION PROGRAM LOAN	0	171,975
TOTAL LIABILITIES	57,487,505	29,668,833
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,340,785 shares and 8,334,785 shares at September 30, and March 31, 2021, respectively	8,340,785	8,334,785
Additional paid-in capital	30,245,203	30,003,462
Accumulated other comprehensive loss	(20,653,993)	(11,187,841)
Treasury stock at cost (1,435,248 shares at September 30, and March 31, 2021)	(7,203,342)	(7,203,342)
Retained earnings	69,606,348	45,392,912
TOTAL STOCKHOLDERS’ EQUITY	80,335,001	65,339,976
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 137,822,506	$ 95,008,809