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Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Apr. 01, 2018
Current assets:    
Cash and cash equivalents $ 30,300 $ 19,400
Trade accounts receivable, net of allowance for doubtful accounts of $2,137,900 and $1,094,900, respectively 93,966,200 87,862,300
Product inventory, net 71,845,400 72,323,000
Prepaid expenses and other current assets 5,562,800 4,489,100
Total current assets 171,404,700 164,693,800
Property and equipment, net 15,003,500 13,662,800
Goodwill 11,677,700 11,677,700
Deferred tax assets 55,300 710,500
Other long-term assets 8,354,600 8,678,900
Total assets 206,495,800 199,423,700
Current liabilities:    
Trade accounts payable 73,059,700 67,041,100
Payroll, benefits and taxes 5,929,500 8,291,100
Income and sales tax liabilities 749,000 2,339,200
Accrued expenses and other current liabilities 2,652,400 1,397,600
Revolving line of credit 14,378,100 10,835,400
Total current liabilities 96,768,700 89,904,400
Long-term liabilities 939,900 1,467,700
Total liabilities 97,708,600 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, 14,190,027 shares issued and 8,468,529 shares outstanding as of March 31, 2019, and 14,111,703 shares issued and 8,396,537 shares outstanding as of April 1, 2018 99,800 99,000
Additional paid-in capital 62,666,400 60,611,900
Treasury stock, at cost, 5,721,498 shares as of March 31, 2019 and 5,715,166 shares as of April 1, 2018 (57,614,100) (57,503,000)
Retained earnings 103,635,100 104,843,700
Total shareholders' equity 108,787,200 108,051,600
Total liabilities and shareholders' equity $ 206,495,800 $ 199,423,700