ACCRUED EXPENSES

3 Months Ended

Jun. 30, 2012

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 7 — ACCRUED EXPENSES

Accrued expenses included the following as of:

	June 30, 2012		March 31, 2012
Accrued compensation	$	907,628	$	970,088
Interest rate swaps market value	446,103		375,512
Provision for contract losses	341,248		887,458
Other	186,837		191,637
Total	$	1,881,816	$	2,424,695