COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Sep. 30, 2016

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	September 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	6,278,710			12,783,323
Less cost of sales, during the period	(5,291,959		)	(11,360,206		)
Cost incurred on uncompleted contracts, ending balance	$	6,478,356		$	5,491,605
Billings on uncompleted contracts, beginning balance	$	3,095,963		$	2,060,244
Total billings incurred on contracts, during the period	9,528,150			17,889,671
Less: Contracts recognized as revenue, during the period	(8,300,968		)	(16,853,952		)
Billings on uncompleted contracts, ending balance	$	4,323,145		$	3,095,963
Cost incurred on uncompleted contracts, ending balance	$	6,478,356		$	5,491,605
Billings on uncompleted contracts, ending balance	4,323,145			3,095,963
Costs incurred on uncompleted contracts, in excess of progress billings	$	2,155,211		$	2,395,642