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Consolidated Balance Sheets - USD ($)
Dec. 27, 2020
Mar. 29, 2020
Current assets:    
Cash and cash equivalents $ 234,200 $ 50,000
Trade accounts receivable, net 77,856,500 82,868,400
Product inventory, net 52,461,700 50,298,100
Prepaid expenses and other current assets 15,054,800 11,707,500
Current portion of assets held for sale 2,684,200 18,849,900
Total current assets 148,291,400 163,773,900
Property and equipment, net 12,649,100 13,433,700
Intangible assets, net 16,412,000 11,157,400
Deferred tax assets 758,100 3,032,500
Lease asset - right of use 11,937,100 13,949,800
Other long-term assets 5,299,200 3,361,400
Total assets 195,346,900 208,708,700
Current liabilities:    
Trade accounts payable 65,907,000 75,512,600
Payroll, benefits and taxes 7,577,100 4,258,300
Income and sales tax liabilities 610,400 450,800
Accrued expenses and other current liabilities 3,040,800 4,244,400
Revolving line of credit   25,563,900
Lease liability, current 2,577,700 2,579,200
Total current liabilities 79,713,000 112,609,200
Revolving line of credit 26,001,400  
Non-current lease liability 9,546,900 11,481,100
Other non-current liabilities 868,200 915,700
Total liabilities 116,129,500 125,006,000
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, 8,750,920 shares issued and 8,740,670 shares outstanding as of December 27, 2020, and 14,354,368 shares issued and 8,577,549 shares outstanding as of March 29, 2020 103,300 101,400
Additional paid-in capital 66,765,600 65,318,500
Treasury stock, at cost, 10,250 shares as of December 27, 2020 and 5,776,819 shares as of March 29, 2020 (62,800) (58,496,200)
Retained earnings 12,411,300 76,779,000
Total shareholders' equity 79,217,400 83,702,700
Total liabilities and shareholders' equity $ 195,346,900 $ 208,708,700