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Consolidated Balance Sheets - USD ($)
Sep. 29, 2019
Mar. 31, 2019
Current assets:    
Cash and cash equivalents $ 108,200 $ 30,300
Trade accounts receivable 91,624,500 93,966,200
Product inventory, net 84,144,200 71,845,400
Prepaid expenses and other current assets 9,081,600 5,562,800
Total current assets 184,958,500 171,404,700
Property and equipment, net 13,875,700 15,003,500
Goodwill 11,677,700 11,677,700
Deferred tax assets 55,300 55,300
Lease asset - right of use 13,718,000  
Other long-term assets 9,661,800 8,354,600
Total assets 233,947,000 206,495,800
Current liabilities:    
Trade accounts payable 72,745,000 73,059,700
Payroll, benefits and taxes 3,876,000 5,929,500
Income and sales tax liabilities 261,700 749,000
Accrued expenses and other current liabilities 3,204,900 2,652,400
Revolving line of credit 35,279,500 14,378,100
Lease liability, current 2,486,100  
Total current liabilities 117,853,200 96,768,700
Lease liability 11,393,800  
Long-term liabilities 821,800 939,900
Total liabilities 130,068,800 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, 14,307,895 shares issued and 8,531,900 shares outstanding as of September 29, 2019, and 14,190,027 shares issued and 8,468,529 shares outstanding as of March 31, 2019 101,000 99,800
Additional paid-in capital 64,504,000 62,666,400
Treasury stock, at cost, 5,775,995 shares as of September 29, 2019 and 5,721,498 shares as of March 31, 2019 (58,484,300) (57,614,100)
Retained earnings 97,757,500 103,635,100
Total shareholders’ equity 103,878,200 108,787,200
Total liabilities and shareholders’ equity $ 233,947,000 $ 206,495,800