COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

3 Months Ended

Jun. 30, 2012

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	June 30, 2012			March 31, 2012
Cost incurred on uncompleted contracts, beginning balance	$	10,879,743		$	7,958,153
Plus: Total cost incurred on contracts during the period	8,436,245			31,104,174
Less: cost of sales, during the period	(6,040,301		)	(28,182,584		)
Cost incurred on uncompleted contracts, ending balance	$	13,275,687		$	10,879,743
Billings on uncompleted contracts, beginning balance	$	6,969,717		$	5,104,301
Plus: Total billings incurred on contracts, during the period	9,665,108			35,132,194
Less: Contracts recognized as revenue, during the period	(7,145,739		)	(33,266,778		)
Billings on uncompleted contracts, ending balance	$	9,489,086		$	6,969,717
Cost incurred on uncompleted contracts, ending balance	$	13,275,687		$	10,879,743
Billings on uncompleted contracts, ending balance	(9,489,086		)	(6,969,717		)
Costs incurred on uncompleted contracts, in excess of progress billings	$	3,786,601		$	3,910,026