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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net earnings (loss) $ (2,065,101) $ 332,655
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:    
Depreciation 804,000 855,900
Deferred taxes (539,059) 71,156
Change in postretirement benefits 28,841 46,343
Decrease (increase) in operating assets:    
Accounts receivable, net (380,557) (326,624)
Inventories 7,887,724 433,698
Federal income taxes recoverable (913,347)
Other (121,378) (196,695)
Accounts payable and accrued expenses 126,617 (322,361)
Contribution to retirement plan 87,000 102,000
Employee compensation and related expenses 24,089 1,274
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,938,829 997,346
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (436,787) (1,321,185)
Increase in cash surrender value of officers’ life insurance (29,500) (34,500)
NET CASH USED IN INVESTING ACTIVITIES (466,287) (1,355,685)
FINANCING ACTIVITIES    
Cash dividends paid (135,989) (135,989)
NET CASH USED IN FINANCING ACTIVITIES (135,989) (135,989)
INCREASE (DECREASE) IN CASH 4,336,553 (494,328)
Cash at beginning of period 2,796,762 2,225,924
CASH AT END OF PERIOD $ 7,133,315 $ 1,731,596