ACCRUED EXPENSES

12 Months Ended

Mar. 31, 2021

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 11 - ACCRUED EXPENSES

Accrued expenses included the following as of March 31:	2021		2020
Accrued compensation	$	496,320	$	383,555
Provision for claims settlement		495,000		495,000
Provision for contract losses		164,164		285,480
Accrued professional fees		213,213		279,657
Accrued project costs		114,611		76,059
Other		42,962		34,773
Total	$	1,526,270	$	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.