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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2013
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 3,746,912 $ 3,075,376
Accounts receivable, less allowance for doubtful accounts of $25,010 for both years 2,404,059 4,330,637
Costs incurred on uncompleted contracts, in excess of progress billings 3,350,548 4,298,293
Inventories- raw materials 352,377 354,516
Income taxes receivable 374,030 374,030
Current deferred taxes 255,765 255,765
Other current assets 1,675,030 1,578,484
Total current assets 12,158,721 14,267,101
Property, plant and equipment, net 6,693,420 7,300,248
Total assets 18,852,141 21,567,349
Current liabilities:    
Accounts payable 1,022,622 2,537,060
Contract loss provision 524,850 270,172
Accrued expenses 638,006 1,604,752
Accrued taxes payable 232,624 232,624
Deferred revenues 3,392,171 253,813
Short-term debt   500,000
Current maturity of long-term debt 5,197,236 5,784,479
Total current liabilities 11,007,509 11,182,900
Long-term debt, including capital leases 40,822 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 4,232,508 and 5,532,998 shares issued and outstanding at December 31, 2013 and March 31, 2013, respectively (liquidation preference: $1,206,265 and $1,576,904 at December 31, 2013 and March 31, 2013) 1,026,699 1,310,206
Common stock -par value $.0001 per share, authorized, 90,000,000 shares; issued and outstanding: 21,656,871 and 19,956,871 shares at December 31, 2013 and March 31, 2013, respectively 2,166 1,996
Additional paid in capital 5,645,687 5,076,552
Accumulated other comprehensive loss (56,492) (221,418)
Retained earnings 929,985 3,930,240
Total stockholders' equity 7,548,045 10,097,576
Total liabilities and stockholders' equity $ 18,852,141 $ 21,567,349