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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 991,385 $ 460,957
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 353,488 393,119
Amortization of debt issue costs 90,049 153,589
Stock based compensation expense 22,910 41,227
Provision for contract losses (40,532) 20,371
Changes in operating assets and liabilities:    
Accounts receivable 1,118,019 7,915
Costs on uncompleted contracts, in excess of progress billings 240,431 534,207
Inventories - raw materials 3,005 (15,821)
Other current assets 152,051 (4,757)
Other noncurrent assets (819)  
Accounts payable (406,463) (846,386)
Accrued expenses (170,369) 68,298
Accrued taxes 20,958  
Advanced claims payment   507,835
Billings on uncompleted contracts, in excess of related costs (945,358) (527,667)
Net cash provided by operating activities 1,428,755 792,887
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (114,856) (17,600)
Net cash used in investing activities (114,856) (17,600)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred loan costs (145,995)  
Borrowings of long-term debt 3,011,648  
Repayment of long-term debt (2,673,432) (466,740)
Net cash provided by (used in) financing activities 192,221 (466,740)
Effect of exchange rate on cash 42 (259)
Net increase in cash 1,506,162 308,288
Cash, beginning of period 1,332,166 1,336,325
Cash, end of period 2,838,328 1,644,613
Cash paid during the period for:    
Interest 479,179 312,262
Income taxes $ 20,000  
Common Stock    
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Amount of increase from stock conversions   252
Additional Paid in Capital    
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Amount of increase from stock conversions   $ 523,957
Series A Convertible Preferred Stock    
SUPPLEMENTAL INFORMATION - NONCASH INVESTING AND FINANCING TRANSACTIONS:    
Number of shares of common stock issued for converted preferred stock   2,519,634
Shares converted into common stock   1,927,508