COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

9 Months Ended

Dec. 31, 2015

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	December 31, 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	9,138,138			10,034,158
Less cost of sales, during the period	(8,223,349		)	(15,925,742		)
Cost incurred on uncompleted contracts, ending balance	$	4,983,277		$	4,068,488
Billings on uncompleted contracts, beginning balance	$	2,060,244		$	4,702,070
Plus: Total billings incurred on contracts, during the period	12,110,447			15,591,388
Less: Contracts recognized as revenue, during the period	(11,985,422		)	(18,233,214		)
Billings on uncompleted contracts, ending balance	$	2,185,269		$	2,060,244
Cost incurred on uncompleted contracts, ending balance	$	4,983,277		$	4,068,488
Billings on uncompleted contracts, ending balance	2,185,269			2,060,244
Costs incurred on uncompleted contracts, in excess of progress billings	$	2,798,008		$	2,008,244