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Consolidated Balance Sheets - USD ($)
Dec. 25, 2022
Mar. 27, 2022
Current assets:    
Cash and cash equivalents $ 3,271,800 $ 1,754,000
Trade accounts receivable, net 79,497,400 75,546,300
Product inventory, net 70,855,700 55,945,300
Income taxes receivable 3,741,800 4,293,400
Prepaid expenses and other current assets 4,660,500 2,961,700
Total current assets 162,027,200 140,500,700
Property and equipment, net 10,554,900 10,835,900
Intangible assets, net 40,731,500 30,595,600
Income taxes receivable, non-current   3,118,600
Lease asset - right of use 7,012,500 8,910,400
Other long-term assets 9,411,300 8,552,100
Total assets 229,737,400 202,513,300
Current liabilities:    
Trade accounts payable 66,254,800 65,254,900
Payroll, benefits and taxes 6,381,200 5,230,500
Sales tax liabilities 1,283,300 1,188,100
Accrued expenses and other current liabilities 1,676,800 1,455,500
Current portion of lease liability 2,498,300 2,566,300
Current portion of long-term debt 347,000 340,300
Total current liabilities 78,441,400 76,035,600
Deferred tax liabilities, net 145,600 145,600
Revolving line of credit 61,584,000 36,914,600
Non-current portion of lease liability 4,746,000 6,586,200
Long-term debt 5,861,400 6,155,000
Other non-current liabilities 705,700 753,200
Total liabilities 151,484,100 126,590,200
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, 9,252,613 shares issued and 9,205,200 shares outstanding as of December 25, 2022, and 9,013,449 shares issued and 8,994,249 shares outstanding as of March 27, 2022 107,900 105,900
Additional paid-in capital 70,361,900 69,166,100
Treasury stock, at cost, 47,413 shares as of December 25, 2022 and 19,200 shares as of March 27, 2022 (287,300) (129,200)
Retained earnings 8,070,800 6,780,300
Total shareholders' equity 78,253,300 75,923,100
Total liabilities and shareholders' equity $ 229,737,400 $ 202,513,300