XML 11 R1.htm IDEA: XBRL DOCUMENT v3.24.4
Document And Entity Information - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2024
Jan. 23, 2025
Sep. 29, 2023
Document Information [Line Items]      
Entity, Registrant Name FRIEDMAN INDUSTRIES, INCORPORATED    
Current Fiscal Year End Date --03-31    
Document, Fiscal Period Focus FY    
Document, Fiscal Year Focus 2024    
Document, Type 10-K/A    
Document, Annual Report true    
Document, Period End Date Mar. 31, 2024    
Document, Transition Report false    
Entity, File Number 1-7521    
Entity, Incorporation, State or Country Code TX    
Entity, Tax Identification Number 74-1504405    
Entity, Address, Address Line One 1121 Judson Road Suite 124    
Entity, Address, City or Town Longview    
Entity, Address, State or Province TX    
Entity, Address, Postal Zip Code 75601    
City Area Code 903    
Local Phone Number 758-3431    
Title of 12(b) Security Common Stock, $1 Par Value    
Trading Symbol FRD    
Security Exchange Name NYSE    
Entity, Well-known Seasoned Issuer No    
Entity, Voluntary Filers No    
Entity, Current Reporting Status Yes    
Entity, Interactive Data, Current Yes    
Entity, Filer Category Accelerated Filer    
Entity, Small Business true    
Entity, Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document, Financial Statement Error Correction Flag false    
Entity, Shell Company false    
Entity, Public Float     $ 92
Entity, Common Stock Shares, Outstanding   6,970,536  
Amendment Description This Amendment No. 1 on Form 10-K/A (this “Amendment”) to the Annual Report on Form 10-K of Friedman Industries, Incorporated (the “Company”, “we”, “us” or “our”) for the fiscal year ended March 31, 2024, originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 11, 2024 (the “Annual Report”) is being filed to amend the information with respect to Part II, Item 9A: Controls and Procedures, to correct such information to (1) include a section entitled “Evaluation of Disclosure Controls and Procedures,” and (2) to amend and restate the section entitled “Management’s Report on Internal Control Over Financial Reports” to properly disclose the changes that occurred during the quarter ended March 31, 2024.   The section entitled “Evaluation of Disclosure Controls and Procedures” is being included in this Amendment because it is a required disclosure that was not disclosed in the Annual Report. If initially included in the Annual Report, such section would have stated management’s conclusion that the Company’s disclosure controls and procedures were effective at March 31, 2024. However, since such section was not initially disclosed, this Amendment is amending the Annual Report to state management’s conclusion that the Company’s disclosure controls and procedures were not effective as of March 31, 2024. The Company will implement process improvements to its disclosure controls and procedures to ensure that all required disclosures are included in the Company’s periodic filings.   As required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the certifications required by Rule 13a-14(a) under the Exchange Act are also being filed as exhibits to this Amendment. This Amendment contains only the cover page, this explanatory note, the complete text of Item 9A, the exhibit list, a signature page and the revised certifications.   Other than as expressly set forth herein, this Amendment does not, and does not purport to, amend, update or restate the information in the Annual Report or reflect any events that have occurred after the Annual Report was initially filed. Information not affected by this Amendment remains unchanged and reflects the disclosures made at the time as of which the Annual Report was initially filed. This Amendment should be read together with the Annual Report and the Company’s other filings with the SEC.    
Amendment Flag true    
Entity, Central Index Key 0000039092