COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Sep. 30, 2012

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	September 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	7,771,827			31,104,174
Less: cost of sales, during the period	(12,180,487		)	(28,182,584		)
Cost incurred on uncompleted contracts, ending balance	$	6,471,083		$	10,879,743
Billings on uncompleted contracts, beginning balance	$	6,969,717		$	5,104,301
Plus: Total billings incurred on contracts, during the period	9,867,439			35,132,194
Less: Contracts recognized as revenue, during the period	(15,224,290		)	(33,266,778		)
Billings on uncompleted contracts, ending balance	$	1,612,866		$	6,969,717
Cost incurred on uncompleted contracts, ending balance	$	6,471,083		$	10,879,743
Billings on uncompleted contracts, ending balance	(1,612,866		)	(6,969,717		)
Cost incurred on uncompleted contracts, in excess of progress billings	$	4,858,217		$	3,910,026