XML 57 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Net Sales $ 39,308,281 $ 31,379,629 $ 34,437,774
Cost of Goods Sold 30,997,211 24,273,038 26,368,945
Gross Profit 8,311,070 7,106,591 8,068,829
Operating Expenses      
Selling expenses 3,104,598 2,402,153 3,078,340
General and administrative expenses 4,507,606 4,257,335 3,310,325
Depreciation 130,254 168,138 110,267
Total Operating Expenses 7,742,458 6,827,626 6,498,932
Income from Operations 568,612 278,965 1,569,897
Other Expenses      
Interest expense (253,282) (53,446) (48,421)
Financing costs (52,471) 0 0
Net Other Expenses (305,753) (53,446) (48,421)
Income before income tax (provision ) benefit 262,859 225,519 1,521,476
Income tax (provision) benefit (92,701) 778,797 1,619,459
Net Income $ 170,158 $ 1,004,316 $ 3,140,935
Income per Common Share      
Basic (in dollar per share) $ 0 $ 0.03 $ 0.08
Diluted (in dollar per share) $ 0 $ 0.03 $ 0.08
Weighted Average Common and Common Equivalent Shares:      
Basic (in shares) 38,097,226 38,057,628 37,973,309
Diluted (in shares) 38,602,577 38,647,290 38,360,324