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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2013
Mar. 31, 2012
Current assets:    
Cash and cash equivalents $ 3,075,376 $ 2,823,485
Accounts receivable, less allowance for doubtful accounts of $25,010 in 2013 and 2012 4,330,637 4,901,791
Costs incurred on uncompleted contracts, in excess of progress billings 4,298,293 3,910,026
Inventories- raw materials 354,516 373,544
Income taxes receivable 374,030 1,751,169
Current deferred taxes 255,765 1,020,208
Other current assets 1,578,484 1,486,954
Total current assets 14,267,101 16,267,177
Property, plant and equipment, net 7,300,248 7,395,445
Noncurrent deferred taxes   118,005
Other noncurrent assets, net   270,630
Total assets 21,567,349 24,051,257
Current liabilities:    
Accounts payable 2,537,060 1,361,611
Accrued expenses 1,874,924 2,424,695
Accrued taxes payable 232,624 159,987
Deferred revenues 253,813 799,413
Revolving credit facility 500,000  
Debt 5,784,479 1,358,933
Total current liabilities 11,182,900 6,104,639
Long-term debt, including capital leases 31,108 5,776,294
Noncurrent deferred taxes 255,765  
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 Preferred Stock, with 5,532,998 and 7,035,982 shares issued and outstanding at March 31, 2013 and 2012, (liquidation preference of $1,576,904 and $2,005,254 at March 31, 2013 and 2012) 1,310,206 1,637,857
Common stock -par value $.0001 per share, authorized, 90,000,000 shares issued and outstanding, 19,956,871 shares at March 31, 2013 and 17,992,177 at March 31, 2012 1,996 1,799
Additional paid in capital 5,076,552 4,412,075
Accumulated other comprehensive loss (221,418) (223,584)
Retained earnings 3,930,240 6,342,177
Total stockholders' equity 10,097,576 12,170,324
Total liabilities and stockholders' equity $ 21,567,349 $ 24,051,257