ACCRUED EXPENSES

3 Months Ended

Jun. 30, 2014

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 8 — ACCRUED EXPENSES

	June 30, 2014		March 31, 2014
Accrued compensation	$	401,953	$	320,419
Interest rate swaps market value	219,359		231,783
Provision for contract losses	3,114,447		3,259,103
Other	79,995		81,723
Total	$	3,815,754	$	3,893,028

Our loss provision includes approximately $2.4 million for estimated contract losses in connection with a certain customer purchase agreement. We filed a demand for arbitration under the contract to recover damages, together with attorney’s fees, interest and costs subsequent to the customer’s request to reduce the number of units ordered under the purchase agreement. We continued to incur losses on customer projects at June 30, 2014. We have incurred approximately $0.3 million in new contract losses in our statement of operations for the three months ended June 30, 2014.