COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

3 Months Ended

Jun. 30, 2014

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	June 30, 2014			March 31, 2014
Cost incurred on uncompleted contracts, beginning balance	$	9,960,072		$	6,180,839
Total cost incurred on contracts during the period	4,213,134			25,579,089
Less cost of sales, during the period	(6,012,101		)	(21,799,856		)
Cost incurred on uncompleted contracts, ending balance	$	8,161,105		$	9,960,072
Billings on uncompleted contracts, beginning balance	$	4,702,070		$	1,882,546
Plus: Total billings incurred on contracts, during the period	4,993,338			23,887,587
Less: Contracts recognized as revenue, during the period	(6,230,341		)	(21,068,063		)
Billings on uncompleted contracts, ending balance	$	3,465,067		$	4,702,070
Cost incurred on uncompleted contracts, ending balance	$	8,161,105		$	9,960,072
Billings on uncompleted contracts, ending balance	3,465,067			4,702,070
Costs incurred on uncompleted contracts, in excess of progress billings	$	4,696,038		$	5,258,002