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BALANCE SHEETS - USD ($)
Mar. 29, 2019
Mar. 30, 2018
CURRENT ASSETS:    
Cash $ 7,080,126 $ 1,407,013
Accounts receivable, less allowances for doubtful accounts of $0 and $11,562 at March 29, 2019 and March 30, 2018, respectively 3,833,090 4,483,011
Inventories (Note 2) 12,021,443 10,751,498
Excess payments to accounts receivable finance company (Note 5) 154,960
Prepaid expenses and other current assets (Note 3) 534,897 489,594
Total Current Assets 23,469,556 17,286,076
PROPERTY, PLANT AND EQUIPMENT, less accumulated depreciation and amortization of $9,723,201 at March 29, 2019 and $9,377,361 at March 30, 2018 (Note 4) 2,560,607 2,066,155
OTHER ASSETS:    
Other assets 54,489 54,489
Total Assets 26,084,652 19,406,720
CURRENT LIABILITIES:    
Accounts payable 480,012 576,629
Due to accounts receivable financing company 334,306
Customer advance payments 348,230 53,744
Accrued corporate income taxes 1,676,428 935,762
Other current liabilities (Note 6) 977,420 768,369
Total Current Liabilities 3,816,396 2,334,504
Total Liabilities 3,816,396 2,334,504
STOCKHOLDERS' EQUITY:    
Common Stock, $.01 par value; 10,000,000 shares authorized; 2,323,468 shares issued and outstanding at March 29, 2019 and 2,303,468 shares issued and outstanding at March 30, 2018 23,235 23,035
Capital in excess of par value 3,802,672 3,767,608
Retained earnings 18,442,349 13,281,573
Total Stockholders' Equity 22,268,256 17,072,216
Total Liabilities and Stockholders' Equity $ 26,084,652 $ 19,406,720