CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2011	Mar. 31, 2011
Current assets:
Cash and cash equivalents	$ 7,339,694	$ 7,541,000
Accounts receivable, less allowance for doubtful accounts of $25,010 and $25,010	2,419,795	5,578,072
Costs incurred on uncompleted contracts, in excess of progress billings	5,935,709	2,519,908
Inventories- raw materials	353,203	723,400
Other current assets	681,563	441,833
Current deferred taxes	527,586	462,226
Prepaid taxes		122,263
Total current assets	17,257,550	17,388,702
Property, plant and equipment, net	3,462,627	3,139,692
Building and equipment under construction	3,201,192	2,172,420
Deferred loan costs, net	175,194	181,141
Total assets	24,096,563	22,881,955
Current liabilities:
Accounts payable	1,281,947	1,093,350
Accrued expenses	1,281,798	958,009
Deferred revenues	806,608	382,130
Current maturity of long-term debt	1,370,263	1,371,767
Total current liabilities	4,740,616	3,805,256
Long-term debt, including capital leases	5,117,627	5,217,421
Commitments and contingent liabilities (see Note 13)
STOCKHOLDERS' EQUITY
Preferred stock- par value $.0001 per share, 10,000,000 shares authorized, of which 9,890,980 are designated as Series A Preferred Stock, with 8,380,982 and 8,878,982 shares issued and outstanding at June 30, 2011 and March 31, 2011, respectively; (liquidation preference of $2,388,580 and $2,530,510 at June 30, 2011 and March 31, 2011, respectively)	1,931,067	2,039,631
Common stock -par value $.0001 per share, authorized, 90,000,000 shares, issued and outstanding, 16,077,199 at June 30, 2011 and 15,422,888 shares at March 31, 2011, respectively	1,609	1,543
Additional paid in capital	3,576,624	3,346,916
Accumulated other comprehensive (loss) income	(117,724)	5,905
Retained earnings	8,846,744	8,465,283
Total stockholders' equity	14,238,320	13,859,278
Total liabilities and stockholders' equity	$ 24,096,563	$ 22,881,955