COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

3 Months Ended

Jun. 30, 2016

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	June 30, 2016			March 31, 2016
Cost incurred on uncompleted contracts, beginning balance	$	5,491,605		$	4,068,488
Total cost incurred on contracts during the period	2,998,497			12,783,323
Less cost of sales, during the period	(3,109,412		)	(11,360,206		)
Cost incurred on uncompleted contracts, ending balance	$	5,380,690		$	5,491,605
Billings on uncompleted contracts, beginning balance	$	3,095,963		$	2,060,244
Plus: Total billings incurred on contracts, during the period	5,315,095			17,889,671
Less: Contracts recognized as revenue, during the period	(4,644,805		)	(16,853,952		)
Billings on uncompleted contracts, ending balance	$	3,766,253		$	3,095,963
Cost incurred on uncompleted contracts, ending balance	$	5,380,690		$	5,491,605
Billings on uncompleted contracts, ending balance	3,766,253			3,095,963
Costs incurred on uncompleted contracts, in excess of progress billings	$	1,614,437		$	2,395,642