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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (2,123,106) $ 2,686,979
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 681,434 372,758
Stock based compensation expense 622,244 300,776
Deferred income taxes (647,683) (158,717)
Gain on sale of equipment   (62,875)
Provision related to severance 226,945  
Provision for contract losses 887,458  
Write off deferred loan costs   68,188
Changes in operating assets and liabilities:    
Accounts receivable 683,394 (2,884,681)
Inventory 351,236 (423,997)
Costs incurred on uncompleted contracts (1,390,118) 229,940
Other current assets (203,733) (276,076)
Taxes receivable (2,010,950) 122,198
Other noncurrent assets (171,252)  
Accounts payable 237,045 648,615
Accrued expenses 117,790 337,409
Accrued taxes 164,484  
Deferred revenues 417,283 325,755
Net cash (used in) provided by operating activities (1,808,101) 1,286,272
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (2,682,341) (1,560,270)
Proceeds from sale of equipment   60,000
Net cash used in investing activities (2,682,341) (1,500,270)
CASH FLOWS FROM FINANCING ACTIVITIES    
Capital distribution of WMR equity   (1,326,162)
Proceeds from exercised stock options 45,960 48,751
Tax benefit from share based compensation   63,521
Deferred loan costs   (171,212)
Repayment of long-term debt (1,331,715) (3,956,371)
Borrowings of long-term debt 1,877,754 4,322,248
Net cash provided by (used in) financing activities 591,999 (1,019,225)
Effect of exchange rate on cash and cash equivalents 20,926  
Net decrease in cash and cash equivalents (3,877,515) (1,233,223)
Cash and cash equivalents, beginning of period 7,541,000 8,774,223
Cash and cash equivalents, end of period 2,823,485 7,541,000
Cash paid during the year for:    
Interest expense, net of amounts capitalized of $114,145 in 2012 208,220 425,925
Income taxes 938,647 1,590,126
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Series A Convertible Preferred Stock converted (in shares) 1,843,000 782,500
Common stock issued in conversion of series A preferred stock (in shares) 2,409,159 1,022,876
Liability recorded for Fair value of an interest rate swap contract in connection with a tax exempt bond 232,874  
warrants issued to acquire common stock (in shares)   100,000
warrants exercise price (in dollars per share)   $ 1.65
fair value of services performed   $ 51,429