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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Mar. 31, 2014
Current assets:    
Cash and cash equivalents $ 886,888 $ 1,086,701
Accounts receivable, less allowance for doubtful accounts of $25,010 in 2014 and 2013 3,220,715 2,280,469
Costs incurred on uncompleted contracts, in excess of progress billings 4,696,038 5,258,002
Inventories- raw materials 242,179 293,326
Income taxes receivable 8,062 8,062
Current deferred taxes 991,096 991,096
Other current assets 457,248 461,245
Total current assets 10,502,226 10,378,901
Property, plant and equipment, net 6,327,789 6,489,212
Other noncurrent assets, net 400,493 105,395
Total assets 17,230,508 16,973,508
Current liabilities:    
Accounts payable 3,810,319 2,888,385
Accrued expenses 3,815,754 3,893,028
Deferred revenues 651,923 1,461,689
Debt 5,584,459 4,169,771
Total current liabilities 13,862,455 12,412,873
Long-term debt, including capital leases 35,278 38,071
Noncurrent deferred taxes 991,096 991,096
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 1,927,508 and 2,477,508 shares issued and outstanding at June 30, 2014 and March 31, 2014, (liquidation preference of $549,340 and $706,090 at June 30, 2014 and March 31, 2014) 524,210 644,110
Common stock -par value $.0001 per share, authorized, 90,000,000 shares issued and outstanding, 24,669,958 shares at June 30, 2014 and 23,951,004 at March 31, 2014 2,467 2,395
Additional paid in capital 6,293,864 6,105,211
Accumulated other comprehensive loss (42,642) (55,097)
Accumulated deficit (4,436,220) (3,165,151)
Total stockholders' equity 2,341,679 3,531,468
Total liabilities and stockholders' equity $ 17,230,508 $ 16,973,508