ACCRUED EXPENSES

9 Months Ended

Dec. 31, 2016

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 8 - ACCRUED EXPENSES

Accrued expenses included the following as of:

	December 31, 2016		March 31, 2016
Accrued compensation	$	745,657	$	872,114
Provision for contract losses	143,885		464,785
Accrued material purchases	107,396		—
Accrued professional fees	126,636		117,981
Accrued interest expense	10,907		296,344
Other	60,836		53,261
Total	$	1,195,317	$	1,804,485

Accrued compensation includes amounts for executive bonuses, payroll and vacation and holiday pay. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in the provision are recorded in cost of sales. Our contract loss provision at March 31, 2016 included approximately $0.4 million for estimated contract losses in connection with a certain customer purchase agreement.