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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Mar. 31, 2011
Current assets:  
Cash and cash equivalents$ 5,211,858$ 7,541,000
Accounts receivable, less allowance for doubtful accounts of $25,010 and $25,0103,063,4285,578,072
Costs incurred on uncompleted contracts, in excess of progress billings8,140,7872,519,908
Inventory - raw materials403,577723,400
Other current assets544,925441,833
Current deferred taxes587,086462,226
Prepaid taxes702,149122,263
Total current assets18,653,81017,388,702
Property, plant and equipment, net5,128,2973,139,692
Building and equipment under construction2,296,8672,172,420
Other noncurrent assets446,746181,141
Total assets26,525,72022,881,955
Current liabilities:  
Accounts payable1,643,1271,093,350
Accrued expenses1,466,348958,009
Deferred revenues1,693,363382,130
Current maturity of long-term debt1,366,5431,371,767
Total current liabilities6,169,3813,805,256
Long-term debt, including capital leases6,153,9905,217,421
Commitments and contingent liabilities (see Note 14)  
STOCKHOLDERS' EQUITY  
Preferred stock- par value $.0001 per share, 10,000,000 shares authorized, of which 9,890,980 are designated as Series A Preferred Stock, with 7,980,982 and 8,878,982 shares issued and outstanding at Sept. 30, 2011 and March 31, 2011, respectively; (liquidation preference of $2,274,580 and $2,530,510 at Sept. 30, 2011 and March 31, 2011, respectively)1,843,8672,039,631
Common stock -par value $.0001 per share, authorized, 90,000,000 shares, issued and outstanding, 16,648,993 at Sept. 30, 2011 and 15,422,888 shares at March 31, 2011, respectively1,6651,543
Additional paid in capital3,826,1023,346,916
Accumulated other comprehensive (loss) income(227,930)5,905
Retained earnings8,758,6458,465,283
Total stockholders' equity14,202,34913,859,278
Total liabilities and stockholders' equity$ 26,525,720$ 22,881,955