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CONSOLIDATED STATEMENTS OF CASH FLOWS
3 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
shares
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 445,303 $ 206,351
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 176,050 197,228
Amortization of debt issue costs 48,918 79,689
Stock based compensation expense 11,605 13,957
Provision for contract losses (35,069) 20,371
Changes in operating assets and liabilities:    
Accounts receivable 626,575 4,724
Costs on uncompleted contracts, in excess of progress billings 781,205 207,755
Inventories - raw materials (11,320) (959)
Other current assets 172,780 11,078
Other noncurrent assets 52,444  
Accounts payable (378,146) (386,285)
Accrued expenses (105,465) 14,520
Accrued taxes 9,453  
Advanced claims payment   507,835
Billings on uncompleted contracts, in excess of related costs (407,968) (496,955)
Net cash provided by operating activities 1,386,365 379,309
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment   (17,600)
Net cash used in investing activities   (17,600)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred loan costs (144,338)  
Borrowings of long-term debt 2,828,885  
Repayment of long-term debt (2,544,685) (233,349)
Net cash provided by (used in) financing activities 139,862 (233,349)
Effect of exchange rate on cash (115) 75
Net increase in cash 1,526,112 128,435
Cash, beginning of period 1,332,166 1,336,325
Cash, end of period 2,858,278 1,464,760
Cash paid during the period for:    
Interest 365,166 $ 159,324
Income taxes $ 20,000  
Series A Convertible Preferred Stock    
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Number of shares of common stock issued for converted preferred stock | shares   776,229
Shares converted into common stock | shares   593,811