COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Sep. 30, 2013

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	September 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	11,190,624			21,215,441
Less cost of sales, during the period	(11,144,972		)	(25,914,345		)
Cost incurred on uncompleted contracts, ending balance	$	6,226,491		$	6,180,839
Billings on uncompleted contracts, beginning balance	$	1,882,546		$	6,969,717
Plus: Total billings incurred on contracts, during the period	11,572,396			27,385,748
Less: Contracts recognized as revenue, during the period	(12,292,487		)	(32,472,919		)
Billings on uncompleted contracts, ending balance	$	1,162,455		$	1,882,546
Cost incurred on uncompleted contracts, ending balance	$	6,226,491		$	6,180,839
Billings on uncompleted contracts, ending balance	1,162,455			1,882,546
Costs incurred on uncompleted contracts, in excess of progress billings	$	5,064,036		$	4,298,293