ACCRUED EXPENSES

9 Months Ended

Dec. 31, 2020

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 10 - ACCRUED EXPENSES

	December 31, 2020		March 31, 2020
Provision for claims settlement	$	495,000	$	495,000
Accrued compensation		316,490		383,555
Provision for contract losses		110,115		285,480
Accrued professional fees		244,703		279,657
Accrued project costs		109,062		76,059
Other		30,739		34,773
Total	$	1,306,109	$	1,554,524

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.