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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2012
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,013,621 $ 2,823,485
Accounts receivable, less allowance for doubtful accounts of $25,010 and $25,010 3,491,693 4,901,791
Costs incurred on uncompleted contracts, in excess of progress billings 4,901,686 3,910,026
Inventories - raw materials 474,254 373,544
Income taxes receivable 1,426,405 1,751,169
Current deferred taxes 994,659 1,020,208
Other current assets 1,712,012 1,486,954
Total current assets 15,014,330 16,267,177
Property, plant and equipment, net 7,253,692 7,395,445
Noncurrent deferred taxes 61,009 118,005
Other noncurrent assets, net 95,767 270,630
Total assets 22,424,798 24,051,257
Current liabilities:    
Accounts payable 2,449,458 1,361,611
Accrued expenses 1,441,062 2,424,695
Accrued taxes payable 203,210 159,987
Deferred revenues 921,992 799,413
Current maturity of long-term debt 937,094 1,358,933
Total current liabilities 5,952,816 6,104,639
Long-term debt, including capital leases 5,178,951 5,776,294
Commitments and contingent liabilities (see Note 16)      
Stockholders' Equity:    
Preferred stock - par value $.0001 per share, 10,000,000 shares authorized, of which 9,890,980 are designated as Series A Convertible Preferred Stock, with 5,837,998 and 7,035,982 shares issued and outstanding at December 31, 2012 and March 31, 2012, (liquidation preference of $1,663,829 and $2,005,254 at December 31, 2012 and March 31, 2012) 1,376,696 1,637,857
Common stock - par value $0.0001 per share, authorized, 90,000,000 shares issued and outstanding, 19,558,176 shares at December 31, 2012 and 17,992,177 at March 31, 2012 1,956 1,799
Additional paid in capital 5,119,077 4,412,075
Accumulated other comprehensive loss (250,100) (223,584)
Retained earnings 5,045,402 6,342,177
Total stockholders' equity 11,293,031 12,170,324
Total liabilities and stockholders' equity $ 22,424,798 $ 24,051,257