ACCRUED EXPENSES

12 Months Ended

Mar. 31, 2012

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 7 - ACCRUED EXPENSES

Accrued expenses included the following as of March 31:

	2012		2011
Accrued compensation	$	970,088	$	886,748
Interest rate swaps market value	375,512		—
Provision for contract losses	887,458		333,944
Other	191,637		71,261
Total	$	2,424,695	$	1,291,953