XML 63 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)
 9 Months Ended
Dec. 31, 2014
COSTS INCURRED ON UNCOMPLETED CONTRACTS  
Schedule of costs incurred on uncompleted contracts

 

 

 

December 31, 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

 

 
9,529,800

 

 

 
25,579,089

Less cost of sales, during the period

 

 
(12,884,553

)

 

 
(21,799,856

Cost incurred on uncompleted contracts, ending balance

 

$
6,605,319

 

 

$
9,960,072

Billings on uncompleted contracts, beginning balance

 

$
4,702,070

 

 

$
1,882,546

Plus: Total billings incurred on contracts, during the period

 

 
13,025,678

 

 

 
23,887,587

Less: Contracts recognized as revenue, during the period

 

 
(14,311,895

)

 

 
(21,068,063

Billings on uncompleted contracts, ending balance

 

$
3,415,853

 

 

$
4,702,070

Cost incurred on uncompleted contracts, ending balance

 

$
6,605,319

 

 

$
9,960,072

Billings on uncompleted contracts, ending balance

 

 
3,415,853

 

 

 
4,702,070

Costs incurred on uncompleted contracts, in excess of progress billings

 

$
3,189,466

 

 

$
5,258,002