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Balance Sheet (USD $)
Jun. 24, 2011
Mar. 25, 2011
CURRENT ASSETS:    
Cash $ 538,964 $ 157,049
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 24, 2011 and March 25, 2011 1,797,485 1,986,799
Inventories (Note 3) 3,929,800 3,713,372
Excess payments to accounts receivable factor (Note 6) 0 78,898
Prepaid expenses and other current assets (Note 4) 624,603 247,088
Total Current Assets 6,890,852 6,183,206
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $7,282,128 at June 24, 2011 and $7,244,628 at March 25, 2011 ( Note 5 ) 1,293,240 1,268,890
Property plant and equipment - net 1,293,240 1,268,890
Other assets 27,887 27,887
Total non-current assets 27,887 27,887
Total Assets 8,211,979 7,479,983
CURRENT LIABILITIES:    
Accounts payable 274,330 356,225
Accounts receivable financing (Note 6) 25,629 0
Accrued corporate income taxes 370,782 3,752
Workers compensation insurance assessments- current portion (Note 8) 47,638 47,638
Other current liabilities (Note 7) 449,952 364,465
Total Current Liabilities 1,168,331 772,080
LONG-TERM LIABILITIES:    
Workers compensation insurance assessments- net of current portion (Note 8) 101,151 113,061
Total Long-Term Liabilities 101,151 113,061
Total Liabilities 1,269,482 885,141
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 24, 2011 and March 25, 2011 23,035 23,035
Capital in excess of par value 2,744,573 2,744,573
Retained earnings ( Note 9 ) 4,174,889 3,827,234
Total Stockholders' Equity 6,942,497 6,594,842
Total Liabilities and Stockholders' Equity $ 8,211,979 $ 7,479,983