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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2016
Mar. 31, 2016
Current assets:    
Cash $ 2,858,278 $ 1,332,166
Accounts receivable, less allowance for doubtful accounts of $0 at June 30, 2016 and March 31, 2016 1,395,905 2,022,480
Costs on uncompleted contracts, in excess of progress billings 1,614,437 2,395,642
Inventories- raw materials 139,915 128,595
Other current assets 541,425 530,808
Total current assets 6,549,960 6,409,691
Property, plant and equipment, net 4,638,134 4,814,184
Deferred income taxes 684,270 684,270
Other noncurrent assets, net 123,900 176,344
Total assets 11,996,264 12,084,489
Current liabilities:    
Accounts payable 617,919 996,065
Accrued expenses 1,670,250 1,804,485
Income taxes payable 18,485 9,032
Advanced claims payment 507,835 507,835
Billings on uncompleted contracts, in excess of related costs 1,221,050 1,629,018
Current portion of long-term debt 577,336 953,106
Total current liabilities 4,612,875 5,899,541
Long-term debt, net 4,482,724 3,735,410
Deferred income taxes 684,270 684,270
Noncurrent accrued expenses 32,258 37,097
Commitments and contingent liabilities (see Note 14)
Stockholders' Equity:    
Common stock - par value $.0001 per share, 90,000,000 shares authorized, 27,324,593 shares issued and outstanding at June 30, 2016, and 27,324,593 shares issued and outstanding at March 31, 2016 2,732 2,732
Additional paid in capital 7,106,354 7,094,749
Accumulated other comprehensive income 20,626 21,568
Accumulated deficit (4,945,575) (5,390,878)
Total stockholders' equity 2,184,137 1,728,171
Total liabilities and stockholders' equity $ 11,996,264 $ 12,084,489