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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES  
Net income$ 293,363$ 1,674,950
Adjustments to reconcile net income to net cash (used in) provided by operating activities:  
Depreciation and amortization237,237186,537
Gain on sale of equipment (62,875)
Share based compensation249,06197,412
Deferred income taxes41,355(10,601)
Changes in operating assets and liabilities:  
Accounts receivable2,516,457(46,674)
Inventory - raw materials319,82367,417
Costs incurred on uncompleted contracts, in excess of progress billings(5,620,879)(1,583,511)
Prepaid taxes(579,887) 
Other current assets(102,803)63,556
Other noncurrent assets(277,500) 
Accounts payable549,512506,445
Accrued expenses98,757(59,375)
Deferred revenues1,311,233222,941
Net cash (used in) provided by operating activities(964,271)1,056,222
CASH FLOWS FROM INVESTING ACTIVITIES  
Proceeds from sale of equipment 60,000
Purchases of property, plant and equipment(1,070,504)(24,551)
Building and equipment under construction(1,267,029)(695,520)
Net cash used in investing activities(2,337,533)(660,071)
CASH FLOWS FROM FINANCING ACTIVITIES  
Capital distribution to WM Realty partners (93,748)
Proceeds from exercised stock options35,511 
Tax (expense) benefit from share-based compensation(1,030)9,836
Borrowings of long-term debt1,618,325556,416
Repayments of long-term debt, including capital leases(686,980)(405,993)
Net cash provided by financing activities965,82666,511
Effect of exchange rate on cash and cash equivalents6,836 
Net (decrease) increase in cash and cash equivalents(2,329,142)462,662
Cash and cash equivalents, beginning of period7,541,0008,774,223
Cash and cash equivalents, end of period5,211,8589,236,885
Cash paid during the period for  
Interest expense170,987217,944
Income taxes764,306852,662
SUPPLEMENTAL INFORMATION - NONCASH TRANSACTIONS:  
Placed equipment into service which was under construction1,143,443887,279
Liability recorded for Fair value of an interest rate swap contract in connection with a tax exempt bond (net of tax of $166,215 for the period ended Sept. 30, 2011)$ 246,536