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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 206,351 $ (1,271,069)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 276,917 255,645
Stock based compensation expense 13,957 68,824
Provision for contract losses 20,371 366,951
Changes in operating assets and liabilities:    
Accounts receivable 4,724 (940,242)
Costs incurred on uncompleted contracts, in excess of progress billings 207,755 561,964
Inventories - raw materials (959) 51,153
Other current assets 11,078 4,001
Other noncurrent assets   (335,226)
Accounts payable (386,285) 921,933
Accrued expenses 14,520 (431,784)
Advanced claims payment 507,835  
Deferred revenues (496,955) (809,766)
Net cash provided by (used in) operating activities 379,309 (1,557,616)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (17,600) (54,093)
Net cash used in investing activities (17,600) (54,093)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings of long-term debt   4,150,000
Repayment of long-term debt (233,349) (2,738,105)
Net cash (used in) provided by financing activities (233,349) 1,411,895
Effect of exchange rate on cash and cash equivalents 75 1
Net increase (decrease) in cash and cash equivalents 128,435 (199,813)
Cash and cash equivalents, beginning of period 1,336,325 1,086,701
Cash and cash equivalents, end of period 1,464,760 886,888
Cash paid during the period for:    
Interest $ 159,324 $ 115,056
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Number of shares of common stock issued for converted preferred stock 776,229 718,954
Shares converted into common stock 593,811 550,000
Liability recorded for fair value of an interest rate swap contract in connection with a tax exempt bond   $ 219,359
Tax on liability recorded for fair value of an interest rate swap contract in connection with a tax exempt bond   $ 0