COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

3 Months Ended

Jun. 30, 2017

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

	June 30, 2017		March 31, 2017
Cost incurred on uncompleted contracts, beginning balance	$	5,538,815	$	5,491,605
Total cost incurred on contracts during the year		3,644,471		12,501,752
Less: cost of sales, during the year		(4,089,799)		(12,454,542)
Cost incurred on uncompleted contracts, ending balance	$	5,093,487	$	5,538,815
Billings on uncompleted contracts, beginning balance	$	3,441,594	$	3,095,963
Total billings incurred on contracts, during the year		4,100,471		18,896,305
Less: Contracts recognized as revenue, during the year		(5,830,386)		(18,550,674)
Billings on uncompleted contracts, ending balance	$	1,711,679	$	3,441,594
Cost incurred on uncompleted contracts, ending balance	$	5,093,487	$	5,538,815
Billings on uncompleted contracts, ending balance		1,711,679		3,441,594
Costs incurred on uncompleted contracts, in excess of progress billings	$	3,381,808	$	2,097,221