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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (706,161) $ 381,461
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 206,052 104,158
Stock based compensation expense 141,359 120,261
Deferred income taxes (267,257) (65,361)
Provision for contract losses 87,958 8,360
Changes in operating assets and liabilities:    
Accounts receivable (125,051) 3,158,647
Costs incurred on uncompleted contracts, in excess of progress billings 123,425 (3,415,801)
Inventories - raw materials (85,467) 370,197
Other current assets (721,456) (239,637)
Taxes receivable 551,873 122,263
Other noncurrent assets 53,276  
Accounts payable 666,635 188,478
Accrued expenses (701,484) 83,812
Accrued taxes payable   109,963
Deferred revenues 2,712,567 424,478
Net cash provided by operating activities 1,936,269 1,351,279
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (20,024) (1,455,528)
Net cash used in investing activities (20,024) (1,455,528)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercised stock options   950
Repayment of long-term debt, including capital lease (342,595) (383,999)
Borrowings of long-term debt   282,701
Net cash used in financing activities (342,595) (100,348)
Effect of exchange rate on cash and cash equivalents (17,062) 3,291
Net increase (decrease) in cash and cash equivalents 1,556,588 (201,306)
Cash and cash equivalents, beginning of period 2,823,485 7,541,000
Cash and cash equivalents, end of period 4,380,073 7,339,694
Cash paid during the year for:    
Interest expense 72,908 82,382
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Series A Convertible Preferred Stock converted (in shares) 482,984  
Common stock issued in conversion of Series A Preferred Stock (in shares) 631,352  
Capital lease arrangement for new office equipment 46,378  
Placed equipment into service which was under construction   $ 100,995