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COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)
 12 Months Ended
Mar. 31, 2017
COSTS INCURRED ON UNCOMPLETED CONTRACTS  
Schedule of costs incurred on uncompleted contracts
 
 
2017
 
2016
 
Cost incurred on uncompleted contracts, beginning balance
 
$
5,491,605
 
$
4,068,488
 
Total cost incurred on contracts during the year
 
 
12,501,752
 
 
12,783,323
 
Less cost of sales, during the year
 
 
(12,454,542)
 
 
(11,360,206)
 
Cost incurred on uncompleted contracts, ending balance
 
$
5,538,815
 
$
5,491,605
 
 
 
 
 
 
 
 
 
Billings on uncompleted contracts, beginning balance
 
$
3,095,963
 
$
2,060,244
 
Plus: Total billings incurred on contracts, during the year
 
 
18,896,305
 
 
17,889,671
 
Less: Contracts recognized as revenue, during the year
 
 
(18,550,674)
 
 
(16,853,952)
 
Billings on uncompleted contracts, ending balance
 
$
3,441,594
 
$
3,095,963
 
 
 
 
 
 
 
 
 
Cost incurred on uncompleted contracts, ending balance
 
$
5,538,815
 
$
5,491,605
 
Billings on uncompleted contracts, ending balance
 
 
3,441,594
 
 
3,095,963
 
Costs incurred on uncompleted contracts, in excess of progress billings
 
$
2,097,221
 
$
2,395,642