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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 18 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Sep. 30, 2021
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
OPERATING ACTIVITIES              
Net earnings $ 2,470,908 $ 11,184,374 $ 13,177,614 $ 11,311,797 $ 13,655,282 $ 24,489,411  
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:              
Depreciation         1,173,054 663,164  
Deferred taxes (15,363)   (111,919)   (30,725) (222,927)  
Compensation expense for restricted stock         146,306 247,741  
Change in postretirement benefits         5,491 4,373  
Gain recognized on open derivatives not designated for hedge accounting         (1,073,060) (1,551,840)  
Deferred realized gain (loss) on derivatives         1,551,821 (17,052,580)  
Forgiveness of Paycheck Protection Program Loan         0 (1,706,614)  
Decrease (increase) in operating assets, net of amounts acquired in business combination:              
Accounts receivable         (18,272,206) (11,955,641)  
Inventories         56,898,761 (31,721,525)  
Federal income taxes recoverable         1,403,485 0  
Other current assets         303,655 (1,274,124)  
Increase (decrease) in operating liabilities, net of amounts assumed in business combination:              
Accounts payable and accrued expenses         (6,022,238) 11,801,806  
Income taxes payable         2,240,995 1,876,441  
Contribution to retirement plan         12,500 100,000  
Employee compensation and related expenses         2,657,096 1,711,265  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES         54,650,217 (24,591,050)  
INVESTING ACTIVITIES              
Purchase of property, plant and equipment         (7,193,664) (2,905,751)  
Proceeds on sale from assets         0 160,542  
Increase in cash surrender value of officers’ life insurance         (6,926) (5,791)  
NET CASH USED IN INVESTING ACTIVITIES         (78,920,798) (2,751,000)  
FINANCING ACTIVITIES              
Debt issuance cost         (393,887) 0  
Cash dividends paid         (294,814) (275,981)  
Cash paid for principal portion of finance lease         (52,092) (51,097)  
Cash paid for share repurchases         (29,268) 0  
Asset based lending facility proceeds         17,782,984 14,578,487  
NET CASH PROVIDED BY FINANCING ACTIVITIES         17,012,923 14,251,409  
DECREASE IN CASH AND RESTRICTED CASH         (7,257,658) (13,090,641)  
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD   $ 16,121,518   $ 20,192,486 16,121,518 20,192,486 $ 20,192,486
CASH AND RESTRICTED CASH AT END OF PERIOD $ 8,863,860   $ 7,101,845 [1]   8,863,860 7,101,845 [1] $ 8,863,860
Plateplus Inc. [Member]              
INVESTING ACTIVITIES              
Plateplus business combination         $ (71,720,208) $ 0  
[1] Cash and restricted cash at June 30, 2022 and March 31, 2022 included $1,320,670 and $13,523,416, respectively, of cash required to collateralize open derivative positions. These amounts are reported in "Other current assets" on the Company's consolidated balance sheets at June 30, 2022 and March 31, 2022. The Company had $29,360,060 in restricted cash at June 30, 2021.