COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

12 Months Ended

Mar. 31, 2013

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	2013			2012
Cost incurred on uncompleted contracts, beginning balance	$	10,879,743		$	7,958,153
Total cost incurred on contracts during the year	21,215,441			31,104,174
Less cost of sales, during the year	(25,914,345		)	(28,182,584		)
Cost incurred on uncompleted contracts, ending balance	$	6,180,839		$	10,879,743
Billings on uncompleted contracts, beginning balance	$	6,969,717		$	5,104,301
Plus: Total billings incurred on contracts, during the year	27,385,748			35,132,194
Less: Contracts recognized as revenue, during the year	(32,472,919		)	(33,266,778		)
Billings on uncompleted contracts, ending balance	$	1,882,546		$	6,969,717
Cost incurred on uncompleted contracts, ending balance	$	6,180,839		$	10,879,743
Billings on uncompleted contracts, ending balance	1,882,546			(6,969,717		)
Costs incurred on uncompleted contracts, in excess of progress billings	$	4,298,293		$	3,910,026