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ACCRUED EXPENSES
6 Months Ended
Sep. 30, 2019
ACCRUED EXPENSES  
ACCRUED EXPENSES

NOTE 10 - ACCRUED EXPENSES

 

 

 

 

 

 

 

 

 

    

September 30, 2019

    

March 31, 2019

Accrued compensation

 

$

343,907

 

$

284,651

Provision for contract losses

 

 

244,395

 

 

57,792

Accrued professional fees

 

 

184,328

 

 

267,309

Accrued project costs

 

 

62,311

 

 

118,929

Other

 

 

24,644

 

 

24,818

Total

 

$

859,585

 

$

753,499

 

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. Accrued project costs are estimates for certain project expenses during the reporting period.