Condensed Consolidated Balance Sheets - Current Period Unaudited - USD ($)	Sep. 30, 2018	Mar. 31, 2018
CURRENT ASSETS:
Cash	$ 3,671,139	$ 4,052,582
Accounts receivable, net of allowances for bad debts and cash discounts of $21,052 at September 30, 2018 and March 31, 2018	17,450,660	17,458,289
Inventories	54,647,180	45,329,434
Other	1,064,802	429,101
TOTAL CURRENT ASSETS	76,833,781	67,269,406
PROPERTY, PLANT AND EQUIPMENT:
Land	1,452,799	1,452,799
Buildings and yard improvements	8,813,031	8,710,958
Machinery and equipment	39,386,523	39,282,944
Less accumulated depreciation	(35,995,892)	(35,280,700)
Property, plant, and equipment, net	13,656,461	14,166,001
OTHER ASSETS:
Cash value of officers’ life insurance and other assets	230,450	217,900
TOTAL ASSETS	90,720,692	81,653,307
CURRENT LIABILITIES:
Accounts payable and accrued expenses	12,808,316	10,233,431
Income taxes payable	913,139
Dividends payable	420,567	140,189
Contribution to retirement plan	135,000	45,000
Employee compensation and related expenses	699,544	612,015
TOTAL CURRENT LIABILITIES	14,976,566	11,030,635
POSTRETIREMENT BENEFITS OTHER THAN PENSIONS	189,917	175,056
DEFERRED INCOME TAX LIABILITY	1,864,320	1,872,166
TOTAL LIABILITIES	17,030,803	13,077,857
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000 Issued shares — 8,185,160 at September 30 and March 31, 2018	8,185,160	8,185,160
Additional paid-in capital	29,299,354	29,154,874
Treasury stock at cost (1,175,716 shares at September 30 and March 31, 2018)	(5,475,964)	(5,475,964)
Retained earnings	41,681,339	36,711,380
TOTAL STOCKHOLDERS’ EQUITY	73,689,889	68,575,450
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 90,720,692	$ 81,653,307