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Consolidated Balance Sheets - USD ($)
Jun. 30, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 17,200 $ 30,300
Trade accounts receivable 81,254,400 93,966,200
Product inventory, net 101,407,700 71,845,400
Prepaid expenses and other current assets 7,555,600 5,562,800
Total current assets 190,234,900 171,404,700
Property and equipment, net 14,176,600 15,003,500
Goodwill 11,677,700 11,677,700
Deferred tax assets 55,300 55,300
Right-of-use assets 4,398,300  
Other long-term assets 9,011,400 8,354,600
Total assets 229,554,200 206,495,800
Current liabilities:    
Trade accounts payable 90,769,300 73,059,700
Payroll, benefits and taxes 5,386,300 5,929,500
Income and sales tax liabilities 251,600 749,000
Accrued expenses and other current liabilities 2,778,800 2,652,400
Revolving line of credit 20,115,200 14,378,100
Lease liability, current 2,852,400  
Total current liabilities 122,153,600 96,768,700
Lease liability 1,568,400  
Long-term liabilities 947,400 939,900
Total liabilities 124,669,400 97,708,600
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, 14,234,154 shares issued and 8,508,547 shares outstanding as of June 30, 2019, and 14,190,027 shares issued and 8,468,529 shares outstanding as of March 31, 2019 100,300 99,800
Additional paid-in capital 63,148,000 62,666,400
Treasury stock, at cost, 5,725,654 shares as of June 30, 2019 and 5,721,498 shares as of March 31, 2019 (57,803,200) (57,614,100)
Retained earnings 99,439,700 103,635,100
Total shareholders' equity 104,884,800 108,787,200
Total liabilities and shareholders' equity $ 229,554,200 $ 206,495,800