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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 381,461 $ 819,322
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 104,158 91,347
Gain on sale of equipment   (60,000)
Share based compensation 120,261 80,973
Deferred income taxes (65,361) 76,991
Changes in operating assets and liabilities:    
Accounts receivable 3,158,647 101,132
Inventory - raw materials 370,197 14,059
Costs incurred on uncompleted contracts, in excess of progress billings (3,415,801) (475,619)
Prepaid taxes 122,263  
Other current assets (239,637) 15,946
Accounts payable 188,478 175,987
Accrued expenses 202,135 178,015
Deferred revenues 424,478 4,581
Net cash provided by operating activities 1,351,279 1,022,734
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of equipment   60,000
Purchases of property, plant and equipment (325,761) (7,146)
Deposits on building and equipment under construction (1,129,767)  
Net cash (used in) provided by investing activities (1,455,528) 52,854
CASH FLOWS FROM FINANCING ACTIVITIES    
Capital distribution to WM Realty partners   (55,373)
Proceeds from exercised stock options 950  
Borrowings of long-term debt 282,701  
Repayments of long-term debt, including capital leases (383,999) (203,256)
Net cash used in financing activities (100,348) (258,629)
Effect of exchange rate on cash and cash equivalents 3,291  
Net (decrease) increase in cash and cash equivalents (201,306) 816,959
Cash and cash equivalents, beginning of period 7,541,000 8,774,223
Cash and cash equivalents, end of period 7,339,694 9,591,182
Cash paid during the year for    
Interest expense 82,382 107,703
Income taxes   95,000
SUPPLEMENTAL INFORMATION - NONCASH TRANSACTIONS:    
Placed equipment into service which was under construction $ 100,195 $ 887,279