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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Mar. 31, 2016
Current assets:    
Cash $ 2,838,328 $ 1,332,166
Accounts receivable, less allowance for doubtful accounts of $0 at September 30, 2016 and March 31, 2016 904,461 2,022,480
Costs on uncompleted contracts, in excess of progress billings 2,155,211 2,395,642
Inventories - raw materials 125,590 128,595
Other current assets 378,747 530,808
Total current assets 6,402,337 6,409,691
Property, plant and equipment, net 4,575,552 4,814,184
Deferred income taxes 684,270 684,270
Other noncurrent assets, net 177,163 176,344
Total assets 11,839,322 12,084,489
Current liabilities:    
Accounts payable 589,602 996,065
Accrued expenses 1,604,516 1,804,485
Income taxes payable 29,990 9,032
Advanced claims payment 507,835 507,835
Billings on uncompleted contracts, in excess of related costs 683,660 1,629,018
Current portion of long-term debt 615,948 953,106
Total current liabilities 4,031,551 5,899,541
Long-term debt, net 4,354,839 3,735,410
Deferred income taxes 684,270 684,270
Noncurrent accrued expenses 27,419 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 September 30, 2016, and 27,324,593 shares issued and outstanding at March 31, 2016 2,732 2,732
Additional paid in capital 7,117,659 7,094,749
Accumulated other comprehensive income 20,345 21,568
Accumulated deficit (4,399,493) (5,390,878)
Total stockholders' equity 2,741,243 1,728,171
Total liabilities and stockholders' equity $ 11,839,322 $ 12,084,489