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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 21 Months Ended
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
OPERATING ACTIVITIES              
Net earnings $ 1,375,893 $ 11,184,374 $ (2,961,833) $ 11,311,797 $ 15,031,175 $ 21,527,578  
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:              
Depreciation         1,879,445 994,209  
Deferred taxes (16,416)   (112,372)   (47,141) (335,299)  
Compensation expense for restricted stock         224,481 375,935  
Change in postretirement benefits         8,237 6,559  
Gain recognized on open derivatives not designated for hedge accounting         (1,353,520) (1,238,320)  
Deferred realized gain (loss) on derivatives         3,155,821 (3,393,260)  
Forgiveness of Paycheck Protection Program Loan         0 (1,706,614)  
Decrease (increase) in operating assets, net of amounts acquired in business combination:              
Accounts receivable         (7,402,263) (5,865,531)  
Inventories         47,658,608 (48,538,400)  
Federal income taxes recoverable         1,403,485 0  
Other current assets         426,712 (667,196)  
Increase (decrease) in operating liabilities, net of amounts acquired in business combination:              
Accounts payable and accrued expenses         (20,790,614) 17,415,657  
Income taxes payable         2,631,006 (206,842)  
Contribution to retirement plan         100,000 150,000  
Employee compensation and related expenses         1,173,147 (1,455,785)  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES         44,098,579 (22,937,309)  
INVESTING ACTIVITIES              
Purchase of property, plant and equipment         (8,278,891) (7,350,081)  
Proceeds on sale from assets         0 160,542  
Increase in cash surrender value of officers’ life insurance         (10,389) (8,686)  
NET CASH USED IN INVESTING ACTIVITIES         (80,009,488) (7,198,225)  
FINANCING ACTIVITIES              
Debt issuance cost         (328,548) 0  
Cash dividends paid         (442,186) (414,092)  
Cash paid for principal portion of finance lease         (78,327) (76,831)  
Cash paid for share repurchases         (36,572) (102,075)  
Asset based lending facility proceeds         26,074,510 15,187,824  
NET CASH PROVIDED BY FINANCING ACTIVITIES         25,188,877 14,594,826  
DECREASE IN CASH AND RESTRICED CASH         (10,722,032) (15,540,708)  
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 $ 5,399,486   $ 4,651,778 [1]   5,399,486 4,651,778 [1] $ 5,399,486
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.