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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,532,026 $ 3,075,376
Accounts receivable, less allowance for doubtful accounts of $25,010 in 2013 and 2012 2,690,517 4,330,637
Costs incurred on uncompleted contracts, in excess of progress billings 5,064,036 4,298,293
Inventories- raw materials 355,168 354,516
Income taxes receivable 374,030 374,030
Current deferred taxes 255,765 255,765
Other current assets 1,388,393 1,578,484
Total current assets 11,659,935 14,267,101
Property, plant and equipment, net 6,907,282 7,300,248
Total assets 18,567,217 21,567,349
Current liabilities:    
Accounts payable 1,247,729 2,537,060
Contract loss provision 1,697,975 270,172
Accrued expenses 803,961 1,604,752
Accrued taxes payable 232,624 232,624
Deferred revenues 677,907 253,813
Short-term debt   500,000
Current maturity of long-term debt 5,418,227 5,784,479
Total current liabilities 10,078,423 11,182,900
Long-term debt, including capital leases 43,532 31,108
Noncurrent deferred taxes 255,765 255,765
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 shares issued and outstanding at September 30, 2013 and March 31, 2013, (liquidation preference of $1,576,904 at September 30, 2013 and March 31, 2013) 1,310,206 1,310,206
Common stock -par value $.0001 per share, authorized, 90,000,000 shares issued and outstanding, 19,956,871 shares at September 30, 2013 and March 31, 2013 1,996 1,996
Additional paid in capital 5,290,840 5,076,552
Accumulated other comprehensive loss (101,210) (221,418)
Retained earnings 1,687,665 3,930,240
Total stockholders' equity 8,189,497 10,097,576
Total liabilities and stockholders' equity $ 18,567,217 $ 21,567,349