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BALANCE SHEETS - USD ($)
Dec. 28, 2018
Mar. 30, 2018
CURRENT ASSETS:    
Cash $ 7,088,965 $ 1,407,013
Accounts receivable, less allowances for doubtful accounts of $0 at December 28, 2018 and $11,562 at March 30, 2018 (Note 13) 2,911,476 4,429,267
Inventories (Note 3) 11,429,390 10,751,498
Excess payments to commercial finance company (Note 6) 154,960
Prepaid expenses and other current assets (Note 4) 115,884 489,594
Total Current Assets 21,545,715 17,232,332
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,686,961, at December 28, 2018 and $9,377,361 at March 30, 2018 (Note 5) 2,284,643 2,066,155
OTHER ASSETS:    
Other assets 54,489 54,489
Other asstes, net 54,489 54,489
Total Assets 23,884,847 19,352,976
CURRENT LIABILITIES:    
Accounts payable 40,945 576,629
Due to commercial finance company (Note 6) 228,757
Accrued corporate income taxes 1,422,092 935,762
Other current liabilities (Note 7) 1,099,566 768,369
Total Current Liabilities 2,791,360 2,280,760
Total Liabilities 2,791,360 2,280,760
SHAREHOLDERS' EQUITY:    
Common stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at December 28, 2018 and 2,303,468 issued and outstanding at March 30, 2018 (Note 9) 23,235 23,035
Capital in excess of par value 3,794,210 3,767,608
Retained earnings (Note 9) 17,276,042 13,281,573
Total Shareholders' Equity 21,093,487 17,072,216
Total Liabilities and Shareholders' Equity $ 23,884,847 $ 19,352,976