Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Dec. 31, 2021	Mar. 31, 2021
CURRENT ASSETS:
Cash	$ 3,066,427	$ 8,191,001
Accounts receivable, net of allowances for bad debts and cash discounts of $32,834 at December 31, and March 31, 2021	26,243,498	20,377,967
Inventories	84,554,493	36,016,093
Current portion of derivative assets	5,408,380	622,400
Other current assets	2,578,235	12,327,174
TOTAL CURRENT ASSETS	121,851,033	77,534,635
PROPERTY, PLANT AND EQUIPMENT:
Land	1,179,831	1,179,831
Buildings and yard improvements	8,581,676	9,199,704
Machinery and equipment	30,416,505	35,253,000
Construction in process	12,983,850	9,614
Less accumulated depreciation	(25,671,208)	(30,180,893)
Property, plant, and equipment, net	27,490,654	15,461,256
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	277,757	148,494
Deferred income tax asset	820,568	1,864,424
TOTAL ASSETS	150,440,012	95,008,809
CURRENT LIABILITIES:
Accounts payable and accrued expenses	37,963,440	15,185,038
Dividends payable	138,023	138,117
Contribution to retirement plan	200,000	50,000
Employee compensation and related expenses	1,187,753	2,643,538
Income taxes payable	1,248,257	1,455,099
Current portion of financing lease	104,185	102,689
Current portion of derivative liability	2,977,140	7,979,380
Current portion of Paycheck Protection Program loan	0	1,518,410
TOTAL CURRENT LIABILITIES	43,818,798	29,072,271
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	115,168	108,609
OTHER NON-CURRENT LIABILITIES	261,541	315,978
ASSET BASED LENDING FACILITY	15,187,824	0
LONG TERM PORTION OF PAYCHECK PROTECTION PROGRAM LOAN	0	171,975
TOTAL LIABILITIES	59,383,331	29,668,833
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,344,975 shares and 8,334,785 shares at December 31, and March 31, 2021, respectively	8,344,975	8,334,785
Additional paid-in capital	30,369,207	30,003,462
Accumulated other comprehensive loss	(6,858,575)	(11,187,841)
Treasury stock at cost (1,443,804 shares and 1,435,248 shares at December 31, and March 31, 2021, respectively)	(7,305,417)	(7,203,342)
Retained earnings	66,506,491	45,392,912
TOTAL STOCKHOLDERS’ EQUITY	91,056,681	65,339,976
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 150,440,012	$ 95,008,809