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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 1,983,479 $ 472,960
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 519,114 582,628
Amortization of debt issue costs 129,383 219,876
Stock based compensation 1,093,685 51,100
Benefit from contract loss adjustments (320,900) (111,958)
Gain from claims assignment settlement - noncash portion (507,835)  
Changes in operating assets and liabilities:    
Accounts receivable 1,251,278 59,798
Costs on uncompleted contracts, in excess of progress billings (547,812) (789,764)
Inventories - raw materials 4,201 (13,738)
Other current assets 167,263 (110,355)
Other noncurrent assets and liabilities (30,961)  
Accounts payable (447,306) (438,486)
Accrued expenses (412,198) 67,709
Accrued taxes (3,443)  
Advanced claims payment   507,835
Billings on uncompleted contracts, in excess of related costs (965,860) (124,327)
Net cash provided by operating activities 1,912,088 373,278
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (452,820) (192,215)
Net cash used in investing activities (452,820) (192,215)
CASH FLOWS FROM FINANCING ACTIVITIES    
Deferred loan costs (159,137)  
Borrowings of long-term debt 6,227,500  
Repayment of long-term debt (5,064,745) (700,174)
Net cash provided by (used in) financing activities 1,003,618 (700,174)
Effect of exchange rate on cash (279) (913)
Net increase (decrease) in cash 2,462,607 (520,024)
Cash, beginning of period 1,332,166 1,336,325
Cash, end of period 3,794,773 816,301
Cash paid during the period for:    
Interest 692,541 525,421
Income taxes $ 45,000  
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