CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2011	Mar. 31, 2011
Current assets:
Cash and cash equivalents	$ 3,086,070	$ 7,541,000
Accounts receivable, less allowance for doubtful accounts of $25,010 and $25,010	5,543,444	5,578,072
Costs incurred on uncompleted contracts, in excess of progress billings	4,934,239	2,519,908
Inventory - raw materials	292,403	723,400
Other current assets	669,507	441,833
Current deferred taxes	641,458	462,226
Prepaid taxes	991,560	122,263
Total current assets	16,158,681	17,388,702
Property, plant and equipment, net	7,303,075	3,139,692
Building and equipment under construction		2,172,420
Collateral deposit	224,376
Deferred loan cost, net	163,299	181,141
Total assets	23,849,431	22,881,955
Current liabilities:
Accounts payable	1,320,334	1,093,350
Accrued expenses	1,759,532	958,009
Accrued taxes	157,703
Deferred revenues	154,057	382,130
Current maturity of long-term debt	1,362,766	1,371,767
Total current liabilities	4,754,392	3,805,256
Long-term debt, including capital leases	5,814,580	5,217,421
Deferred tax liability	106,021	0
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 7,325,982 and 8,878,982 shares issued and outstanding at December 31, 2011 and March 31, 2011, respectively; (liquidation preference of $2,087,905 and $2,530,510 at December 31, 2011 and March 31, 2011, respectively)	1,701,077	2,039,631
Common stock -par value $.0001 per share, 90,000,000 shares authorized, 17,505,204 and 15,422,888 shares issued and outstanding at December 31, 2011 and March 31, 2011, respectively	1,751	1,543
Additional paid in capital	4,092,130	3,346,916
Accumulated other comprehensive (loss) income	(230,825)	5,905
Retained earnings	7,610,305	8,465,283
Total stockholders' equity	13,174,438	13,859,278
Total liabilities and stockholders' equity	$ 23,849,431	$ 22,881,955