ACCRUED EXPENSES

3 Months Ended

Jun. 30, 2017

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 8 - ACCRUED EXPENSES

Accrued expenses included the following as of: 

	June 30, 2017		March 31, 2017
Accrued compensation	$	510,712	$	568,766
Provision for contract losses		279,361		148,699
Accrued interest expense		8,033		9,155
Accrued professional fees		197,701		142,648
Other		42,903		24,147
Total	$	1,038,710	$	893,415

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.