CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2012	Mar. 31, 2011
Current assets:
Cash and cash equivalents	$ 2,823,485	$ 7,541,000
Accounts receivable, less allowance for doubtful accounts of $25,010 in 2012 and 2011	4,901,791	5,578,072
Costs incurred on uncompleted contracts, in excess of progress billings	3,910,026	2,519,908
Inventories- raw materials	373,544	723,400
Taxes receivable	1,751,169	122,263
Current deferred taxes	1,020,208	462,226
Other current assets	1,486,954	441,833
Total current assets	16,267,177	17,388,702
Property, plant and equipment, net	7,395,445	3,139,692
Plant and equipment under construction		2,172,420
Noncurrent deferred taxes	188,005
Deferred loan cost, net	270,630	181,141
Total assets	24,051,257	22,881,955
Current liabilities:
Accounts payable	1,361,611	1,093,350
Accrued expenses	2,424,695	958,009
Accrued taxes payable	159,987
Deferred revenues	799,413	382,130
Current maturity of long-term debt	1,358,933	1,371,767
Total current liabilities	5,140,639	3,805,256
Long-term debt, including capital leases	5,776,294	5,217,421
Commitments and contingent liabilities (see Note 16)
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 7,035,982 and 8,878,982 shares issued and outstanding at March 31, 2012 and 2011, (liquidation preference of $2,005,255 and $2,530,510 at March 31, 2012 and 2011)	1,637,857	2,039,631
Common stock -par value $.0001 per share, authorized, 90,000,000 shares issued and outstanding, 17,992,177 shares at March 31, 2012 and 15,422,888 at March 31, 2011	1,799	1,543
Additional paid in capital	4,450,041	3,346,916
Accumulated other comprehensive (loss) income	(223,584)	5,905
Retained earnings	6,342,177	8,465,283
Total equity	12,170,324	13,859,278
Total liabilities and equity	$ 24,051,257	$ 22,881,955