Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
CURRENT ASSETS:
Cash	$ 2,408,776	$ 2,598,102
Accounts receivable, net of allowances for bad debts and cash discounts of $99,819 at June 30, and March 31, 2022	76,480,080	35,670,657
Inventories	123,879,630	67,946,122
Current portion of derivative assets	3,480,720	4,240,740
Other current assets	2,722,402	14,906,194
TOTAL CURRENT ASSETS	208,971,608	125,361,815
PROPERTY, PLANT AND EQUIPMENT:
Land	1,669,831	1,179,831
Buildings and yard improvements	20,691,676	8,581,676
Machinery and equipment	36,094,594	30,422,066
Construction in process	19,422,533	15,925,306
Less accumulated depreciation	(26,533,922)	(26,002,820)
Property, plant, and equipment, net	51,344,712	30,106,059
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	413,055	157,248
Operating lease right-of-use asset	1,330,241	113,168
Deferred income tax asset	0	2,133,295
Income taxes recoverable	0	1,403,485
TOTAL ASSETS	262,059,616	159,275,070
CURRENT LIABILITIES:
Accounts payable and accrued expenses	47,566,633	44,803,602
Dividends payable	147,372	137,120
Contribution to retirement plan	175,000	250,000
Employee compensation and related expenses	3,093,819	1,085,676
Income taxes payable	1,576,267	0
Current portion of financing lease	105,195	104,689
Current portion of derivative liability	2,675,400	14,429,520
TOTAL CURRENT LIABILITIES	55,339,686	60,810,607
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	122,337	119,591
DEFERRED INCOME TAX LIABILITY	136,767	0
OTHER NON-CURRENT LIABILITIES	1,378,789	221,767
ASSET BASED LENDING FACILITY	102,367,007	18,436,457
TOTAL LIABILITIES	159,344,586	79,588,422
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000; Issued shares — 8,861,016 shares and 8,344,975 shares at June 30, and March 31, 2022, respectively	8,861,016	8,344,975
Additional paid-in capital	34,783,173	30,442,361
Accumulated other comprehensive loss	(3,094,392)	(10,268,509)
Treasury stock at cost (1,492,403 shares and 1,488,966 shares at June 30, and March 31, 2022, respectively)	(7,770,465)	(7,741,197)
Retained earnings	69,935,698	58,909,018
TOTAL STOCKHOLDERS’ EQUITY	102,715,030	79,686,648
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 262,059,616	$ 159,275,070