Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2022	Mar. 31, 2022
CURRENT ASSETS:
Cash	$ 6,635,809	$ 2,598,102
Accounts receivable, net of allowances for bad debts and cash discounts of $99,819 at September 30, and March 31, 2022	53,942,863	35,670,657
Inventories	88,593,950	67,946,122
Current portion of derivative assets	2,958,720	4,240,740
Other current assets	4,335,663	14,906,194
TOTAL CURRENT ASSETS	156,467,005	125,361,815
PROPERTY, PLANT AND EQUIPMENT:
Land	1,669,831	1,179,831
Buildings and yard improvements	20,700,077	8,581,676
Machinery and equipment	36,286,109	30,422,066
Construction in process	22,035,059	15,925,306
Less accumulated depreciation	(27,175,874)	(26,002,820)
Property, plant, and equipment, net	53,515,202	30,106,059
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	558,061	157,248
Operating lease right-of-use asset	1,306,267	113,168
Deferred income tax asset	0	2,133,295
Income taxes recoverable	0	1,403,485
TOTAL ASSETS	211,846,535	159,275,070
CURRENT LIABILITIES:
Accounts payable and accrued expenses	57,259,815	44,803,602
Dividends payable	147,372	137,120
Contribution to retirement plan	262,500	250,000
Employee compensation and related expenses	3,742,772	1,085,676
Income taxes payable	2,240,995	0
Current portion of financing lease	105,703	104,689
Current portion of derivative liability	3,102,160	14,429,520
TOTAL CURRENT LIABILITIES	66,861,317	60,810,607
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	125,082	119,591
DEFERRED INCOME TAX LIABILITY	624,111	0
OTHER NON-CURRENT LIABILITIES	1,326,832	221,767
ASSET BASED LENDING FACILITY	36,219,441	18,436,457
TOTAL LIABILITIES	105,156,783	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 September 30, and March 31, 2022, respectively	8,861,016	8,344,975
Additional paid-in capital	34,856,326	30,442,361
Accumulated other comprehensive loss	(1,516,359)	(10,268,509)
Treasury stock at cost (1,492,403 shares and 1,488,966 shares at September 30, and March 31, 2022, respectively)	(7,770,465)	(7,741,197)
Retained earnings	72,259,234	58,909,018
TOTAL STOCKHOLDERS’ EQUITY	106,689,752	79,686,648
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 211,846,535	$ 159,275,070