XML 31 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2015
Mar. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,464,760 $ 1,336,325
Accounts receivable, less allowance for doubtful accounts of $24,693- in 2016 and 2015 821,639 826,363
Costs incurred on uncompleted contracts, in excess of progress billings 1,800,489 2,008,244
Inventories- raw materials 135,771 134,812
Current deferred taxes 826,697 826,697
Other current assets 465,816 538,253
Total current assets 5,515,172 5,670,694
Property, plant and equipment, net 5,430,345 5,610,041
Other noncurrent assets, net 27,155 45,490
Total assets 10,972,672 11,326,225
Current liabilities:    
Accounts payable 1,203,675 1,526,123
Trade notes payable 74,401 138,237
Accrued expenses 1,700,092 1,665,658
Advanced claims payment 507,835  
Deferred revenues 714,551 1,211,506
Short-term debt 2,250,000 2,250,000
Current portion of long-term debt 933,823 933,651
Total current liabilities 7,384,377 7,725,175
Long-term debt, including capital lease 2,252,337 2,485,858
Noncurrent deferred taxes $ 826,697 $ 826,697
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 1,333,697 and 1,927,508 shares issued and outstanding at June 30, 2015 and March 31, 2015, respectively (liquidation preference: $380,104 - June 30, 2015; $549,340 - March 31, 2015) $ 394,758 $ 524,210
Common stock -par value $.0001 per share, 90,000,000 shares authorized, 25,446,187 and 24,669,958 shares issued and outstanding at June 30, 2015, and at March 31, 2015, respectively 2,545 2,467
Additional paid in capital 6,630,920 6,487,589
Accumulated other comprehensive income 24,019 23,561
Accumulated deficit (6,542,981) (6,749,332)
Total stockholders' equity 509,261 288,495
Total liabilities and stockholders' equity $ 10,972,672 $ 11,326,225