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BALANCE SHEETS - USD ($)
Jun. 30, 2017
Mar. 31, 2017
CURRENT ASSETS:    
Cash $ 1,025,761 $ 1,210,761
Accounts receivable, less allowances for doubtful accounts of $11,562 at June 30, 2017 and March 31, 2017 3,145,180 3,107,670
Inventories (Note 3) 9,321,725 8,685,988
Excess payments to commercial finance company (Note 6) 191,430
Prepaid expenses and other current assets (Note 4) 1,314,336 1,308,038
Total Current Assets 14,807,002 14,503,887
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,154,624 at June 30, 2017 and $9,047,324 at March 31, 2017 (Note 5) 2,016,041 2,019,150
OTHER ASSETS:    
Other assets 54,451 54,451
Total Assets 16,877,494 16,577,488
CURRENT LIABILITIES:    
Accounts payable 309,196 235,187
Due to commercial finance company (Note 6) 190,975
Accrued corporate income taxes 851,843 599,739
Other current liabilities (Note 7) 721,596 688,018
Total Current Liabilities 2,073,610 1,522,944
Total Liabilities 2,073,610 1,522,944
STOCKHOLDERS' EQUITY:    
Common stock, $.01 par value; 10,000,000 shares authorized; 2,303,468 shares issued and outstanding at June 30, 2017 and March 31, 2017 23,035 23,035
Capital in excess of par value 2,744,573 2,744,573
Retained earnings (Note 8) 12,036,276 12,286,936
Total Stockholders' Equity 14,803,884 15,054,544
Total Liabilities and Stockholders' Equity $ 16,877,494 $ 16,577,488