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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 460,957 $ (1,919,839)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 546,708 553,587
Stock based compensation expense 41,227 132,784
Net loss on interest rate swaps   49,544
Provision for contract losses 20,371 (576,605)
Changes in operating assets and liabilities:    
Accounts receivable 7,915 228,636
Costs incurred on uncompleted contracts, in excess of progress billings 534,207 1,347,181
Inventories - raw materials (15,821) 94,787
Other current assets (4,757) 58,999
Other noncurrent assets   (169,316)
Accounts payable (846,386) (44,849)
Accrued expenses 68,298 270,054
Advanced claims payment 507,835  
Deferred revenues (527,667) (1,192,764)
Net cash provided by (used in) operating activities 792,887 (1,167,801)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (17,600) (54,096)
Net cash used in investing activities (17,600) (54,096)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings of long-term debt   4,150,000
Repayment of long-term debt (466,740) (3,024,498)
Deferred loan costs   (141,041)
Net cash (used in) provided by financing activities (466,740) 984,461
Effect of exchange rate on cash and cash equivalents (259) (1)
Net increase (decrease) in cash and cash equivalents 308,288 (237,437)
Cash and cash equivalents, beginning of period 1,336,325 1,086,701
Cash and cash equivalents, end of period 1,644,613 849,264
Cash paid during the period for:    
Interest $ 312,262 $ 281,177
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Number of shares of common stock issued for converted preferred stock 2,519,634 718,954
Shares converted into common stock 1,927,508 550,000
Common Stock    
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Amount of increase from stock conversions $ 252 $ 72
Additional Paid in Capital    
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Amount of increase from stock conversions $ 523,957 $ 119,828