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BALANCE SHEETS - USD ($)
Jun. 29, 2018
Mar. 30, 2018
CURRENT ASSETS:    
Cash $ 2,322,996 $ 1,407,013
Accounts receivable, less allowances for doubtful accounts of $0 at June 29, 2018 and $11,562 at March 30, 2018 (Note 13) 5,871,169 4,429,267
Inventories (Note 3) 11,459,800 10,751,498
Excess payments to accounts receivable factor (Note 6) 1,593,173 154,960
Prepaid expenses and other current assets (Note 4) 670,509 489,594
Total Current Assets 21,917,647 17,232,332
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,518,960 at June 29, 2018 and $9,377,361 at March 30, 2018 (Note 5) 1,981,988 2,066,155
OTHER ASSETS:    
Other assets 54,489 54,489
Total Assets 23,954,124 19,352,976
CURRENT LIABILITIES:    
Accounts payable 1,167,833 576,629
Accrued corporate income taxes 2,477,691 935,762
Other current liabilities (Note 7) 974,301 768,369
Total Current Liabilities 4,619,825 2,280,760
Total Liabilities 4,619,825 2,280,760
SHAREHOLDERS' EQUITY:    
Common stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at June 29, 2018 and 2,303,468 issued and outstanding at March 30, 2018 23,235 23,035
Capital in excess of par value 3,770,206 3,767,608
Retained earnings (Note 9) 15,540,858 13,281,573
Total Shareholders' Equity 19,334,299 17,072,216
Total Liabilities and Shareholders' Equity $ 23,954,124 $ 19,352,976