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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,332,214 $ 3,066,156
Accounts receivable, net 1,229,319 1,870,672
Costs incurred on uncompleted contracts, in excess of progress billings 3,381,808 2,097,221
Inventories - raw materials 151,519 141,792
Other current assets 460,311 422,096
Total current assets 8,555,171 7,597,937
Property, plant and equipment, net 4,953,535 4,912,202
Deferred income taxes 3,119,582 3,393,110
Other noncurrent assets, net 34,019 100,000
Total assets 16,662,307 16,003,249
Current liabilities:    
Accounts payable 564,731 365,308
Accrued expenses 1,038,710 893,415
Income taxes payable 4,403 0
Billings on uncompleted contracts, in excess of related costs 574,309 642,831
Current portion of long-term debt 729,784 717,481
Total current liabilities 2,911,937 2,619,035
Long-term debt, including capital leases 4,721,390 4,874,721
Deferred income taxes 521,430 521,430
Noncurrent accrued expenses 12,903 17,742
Commitments and contingent liabilities (see Note 14)
Stockholders’ Equity:    
Common stock - par value $.0001 per share, 90,000,000 shares authorized, 28,824,593 shares issued and outstanding at June 30 and March 31, 2017, respectively 2,882 2,882
Additional paid in capital 8,358,208 8,258,820
Accumulated other comprehensive income 19,764 19,328
Retained earnings (accumulated deficit) 113,793 (310,709)
Total stockholders’ equity 8,494,647 7,970,321
Total liabilities and stockholders’ equity $ 16,662,307 $ 16,003,249