INCOME TAXES (Tables)

12 Months Ended

Mar. 31, 2014

INCOME TAXES

Schedule of loss from continuing operations by location, and the provision and benefit for income taxes and the effective tax rate

	2014			2013
U.S. operations	$	(6,722,696	)	$	(1,796,789	)
Foreign operations	(558,168		)	(142,817		)
Loss from operations before tax	(7,280,864		)	(1,939,606		)
Income tax (benefit) expense provision	(185,473		)	472,331
Net Loss	$	(7,095,391	)	$	(2,411,937	)

Schedule of components of the provision (benefit) for income taxes

	2014			2013
Current
Federal	$	28,450		$	(332,580	)
State	702			12,987
Foreign	(214,625		)	96,162
Total Current	(185,473		)	(223,431		)
Deferred
Federal	—			606,757
State	—			(47,458		)
Foreign	—			136,463
Total Deferred	—			695,762
Income tax expense (benefit) provision	$	(185,473	)	$	472,331

Schedule of reconciliation between income taxes computed at the federal statutory rate to the effective income tax rates applied to the net loss reported in the Consolidated Statements of Operations and Other Comprehensive Loss

	2014		2013
Federal statutory income tax rate	34	%	34	%
State income tax, net of federal benefit	—	%	1	%
Change in valuation allowance	(32	)%	(53	)%
Stock based compensation	(1	)%	(6	)%
Other	2	%	—	%
Effective income tax rate	3	%	(24	)%

Summary of the components of deferred income tax assets and liabilities

	2014			2013
Current Deferred Tax Assets:
Compensation	$	32,965		$	177,703
Allowance for doubtful accounts	9,866			9,824
Loss on uncompleted contracts	1,272,070			106,123
Net operating loss carryforward	30,145			30,145
Interest rate swaps	95,479			152,792
Other liabilities not currently deductible	310,089			341,726
Valuation allowance	(759,518		)	(562,548		)
Total Current Deferred Tax Asset	$	991,096		$	255,765
Noncurrent Deferred Tax Asset (Liability):
Share based compensation awards	369,880			323,734
Net operating loss carryforward	3,315,221			1,662,848
Valuation allowance	(3,647,070		)	(1,062,741		)
Total Noncurrent Deferred Tax Assets	$	38,031		$	923,841
Accelerated depreciation	(1,029,127		)	(1,179,606		)
Net Noncurrent Deferred Tax Asset (Liability)	$	(991,096	)	$	(255,765	)
Net Deferred Tax Asset	$	—		$	—

Summary of carryforwards of net operating losses and tax credits

The following table summarizes carryforwards of net operating losses and tax credits as of March 31, 2014:

	Amount		Begins to Expire:
Federal net operating losses	$	5,865,609	2025
Federal alternative minimum tax credits	$	76,185	Indefinite
State net operating losses	$	20,016,690	2032

Schedule of reconciliation of unrecognized tax benefits

Unrecognized tax benefits at March 31, 2013	$	17,206
Increases based on tax positions related to 2014	—
Increases based on tax positions prior to 2014	702
Decreases from expiration of statute of limitations	—
Unrecognized tax benefits at March 31, 2014	$	17,908