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BALANCE SHEETS - USD ($)
Sep. 27, 2019
Mar. 29, 2019
CURRENT ASSETS:    
Cash $ 6,563,424 $ 7,080,126
Accounts receivable 5,515,887 3,833,090
Inventories (Note 3) 13,091,697 12,021,443
Excess payments to commercial finance company (Note 6) 608,666
Prepaid expenses and other current assets (Note 4) 551,032 534,897
Total Current Assets 26,330,706 23,469,556
PROPERTY, PLANT AND EQUIPMENT (Note 5) 2,433,956 2,560,607
OTHER ASSETS:    
Right of use Asset-Leasehold (Note 2) 206,541
Other assets 54,489 54,489
Total Other Assets 261,030 54,489
Total Assets 29,025,692 26,084,652
CURRENT LIABILITIES:    
Accounts payable 119,691 480,012
Due to commercial finance company (Note 6) 334,306
Customer advance payments 222,541 348,230
Accrued corporate income taxes 2,747,407 1,676,428
Deferred Lease Liability - Net of Long Term (Note 2) 177,664
Other current liabilities (Note 7) 1,171,749 977,420
Total Current Liabilities 4,439,052 3,816,396
LONG TERM LIABILITIES    
Deferred Lease Liability-Long Term (Note 2) 33,047
Total Long-Term Liabilities 33,047
Total Liabilities 4,472,099 3,816,396
SHAREHOLDERS' EQUITY:    
Common stock, $.01 par value; 10,000,000 shares authorized; 2,331,751 shares issued and outstanding at September 27, 2019 and 2,323,468 shares issued and outstanding at March 29, 2019 23,318 23,235
Capital in excess of par value 3,849,715 3,802,672
Retained earnings 20,680,560 18,442,349
Total Shareholders' Equity 24,553,593 22,268,256
Total Liabilities and Shareholders' Equity $ 29,025,692 $ 26,084,652