COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

3 Months Ended

Jun. 30, 2013

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	June 30, 2013			March 31, 2013
Cost incurred on uncompleted contracts, beginning balance	$	6,180,839		$	10,879,743
Total cost incurred on contracts during the period	5,401,497			21,215,441
Less cost of sales, during the period	(6,676,449		)	(25,914,345		)
Cost incurred on uncompleted contracts, ending balance	$	4,905,887		$	6,180,839
Billings on uncompleted contracts, beginning balance	$	1,882,546		$	6,969,717
Plus: Total billings incurred on contracts, during the period	6,869,330			27,385,748
Less: Contracts recognized as revenue, during the period	(7,096,692		)	(32,472,919		)
Billings on uncompleted contracts, ending balance	$	1,655,184		$	1,882,546
Cost incurred on uncompleted contracts, ending balance	$	4,905,887		$	6,180,839
Billings on uncompleted contracts, ending balance	1,655,184			1,882,546
Costs incurred on uncompleted contracts, in excess of progress billings	$	3,250,703		$	4,298,293