COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

3 Months Ended

Jun. 30, 2015

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	June 30, 2015			March 31, 2015
Cost incurred on uncompleted contracts, beginning balance	$	4,068,488		$	9,960,072
Total cost incurred on contracts during the period	2,991,953			10,034,158
Less cost of sales, during the period	(3,092,116		)	(15,925,742		)
Cost incurred on uncompleted contracts, ending balance	$	3,968,325		$	4,068,488
Billings on uncompleted contracts, beginning balance	$	2,060,244		$	4,702,070
Plus: Total billings incurred on contracts, during the period	4,482,567			15,591,388
Less: Contracts recognized as revenue, during the period	(4,374,975		)	(18,233,214		)
Billings on uncompleted contracts, ending balance	$	2,167,836		$	2,060,244
Cost incurred on uncompleted contracts, ending balance	$	3,968,325		$	4,068,488
Billings on uncompleted contracts, ending balance	2,167,836			2,060,244
Costs incurred on uncompleted contracts, in excess of progress billings	$	1,800,489		$	2,008,244