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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Apr. 01, 2018
Current assets:    
Cash and cash equivalents   $ 19,400
Trade accounts receivable, net of allowance for doubtful accounts of $1,912,800 and $1,094,900, respectively $ 97,895,300 87,862,300
Product inventory, net 89,669,300 72,323,000
Prepaid expenses and other current assets 4,918,000 4,489,100
Total current assets 192,482,600 164,693,800
Property and equipment, net 13,775,200 13,662,800
Goodwill, net 11,677,700 11,677,700
Deferred tax assets 715,800 710,500
Other long-term assets 8,377,300 8,678,900
Total assets 227,028,600 199,423,700
Current liabilities:    
Trade accounts payable 87,662,400 67,041,100
Payroll, benefits and taxes 6,027,700 8,291,100
Income and sales tax liabilities 1,139,400 2,339,200
Accrued expenses and other current liabilities 2,935,100 1,370,300
Revolving line of credit 19,741,400 10,835,400
Current portion of long-term debt 16,000 27,300
Total current liabilities 117,522,000 89,904,400
Long-term debt, net of current portion   2,300
Other long-term liabilities 1,470,100 1,465,400
Total liabilities 118,992,100 91,372,100
Shareholders' equity:    
Preferred stock, $0.01 par value per share, 500,000 shares authorized and no shares issued and outstanding
Common stock, $0.01 par value per share, 15,000,000 shares authorized, 14,161,026 shares issued and 8,439,528 shares outstanding as of September 30, 2018, and 14,111,703 shares issued and 8,396,537 shares outstanding as of April 1, 2018 99,500 99,000
Additional paid-in capital 61,729,400 60,611,900
Treasury stock, at cost, 5,721,498 shares as of September 30, 2018 and 5,715,166 shares as of April 1, 2018 (57,614,100) (57,503,000)
Retained earnings 103,821,700 104,843,700
Total shareholders' equity 108,036,500 108,051,600
Total liabilities and shareholders' equity $ 227,028,600 $ 199,423,700