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Consolidated Balance Sheets - USD ($)
Dec. 26, 2021
Mar. 28, 2021
Current assets:    
Cash and cash equivalents $ 1,122,200 $ 1,110,000
Trade accounts receivable, net 68,386,900 70,045,700
Product inventory, net 51,521,600 53,060,000
Income taxes receivable 7,369,900 10,432,500
Prepaid expenses and other current assets 3,534,800 3,980,900
Current portion of assets held for sale   1,196,900
Total current assets 131,935,400 139,826,000
Property and equipment, net 11,679,200 12,571,600
Intangible assets, net 27,466,900 19,136,500
Lease asset - right of use 9,278,200 11,285,800
Other long-term assets 7,962,200 6,258,000
Total assets 188,321,900 189,077,900
Current liabilities:    
Trade accounts payable 55,550,400 59,415,600
Payroll, benefits and taxes 5,081,500 6,279,800
Income and sales tax liabilities 692,000 803,900
Accrued expenses and other current liabilities 1,462,200 2,912,300
Lease liability, current 2,548,400 2,573,500
Total current liabilities 65,334,500 71,985,100
Deferred tax liabilities, net 26,500 26,500
Revolving line of credit 38,271,500 30,583,200
Non-current lease liability 7,185,500 8,923,500
Other non-current liabilities 761,900 809,400
Total liabilities 111,579,900 112,327,700
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, 8,982,132 shares issued and 8,962,932 shares outstanding as of December 26, 2021, and 8,844,083 shares issued and 8,833,833 shares outstanding as of March 28, 2021 105,600 104,200
Additional paid-in capital 68,369,700 67,227,700
Treasury stock, at cost, 19,200 shares as of December 26, 2021 and 10,250 shares as of March 28, 2021 (129,200) (62,800)
Retained earnings 8,395,900 9,481,100
Total shareholders' equity 76,742,000 76,750,200
Total liabilities and shareholders' equity $ 188,321,900 $ 189,077,900