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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Mar. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,489,626 $ 3,066,156
Accounts receivable, net 2,175,822 1,870,672
Costs incurred on uncompleted contracts, in excess of progress billings 3,213,329 2,097,221
Inventories - raw materials 200,787 141,792
Other current assets 546,633 422,096
Total current assets 8,626,197 7,597,937
Property, plant and equipment, net 5,369,167 4,912,202
Deferred income taxes 2,364,303 2,871,680
Other noncurrent assets, net 68,625 100,000
Total assets 16,428,292 15,481,819
Current liabilities:    
Accounts payable 380,318 365,308
Accrued expenses 1,008,717 893,415
Billings on uncompleted contracts, in excess of related costs 827,573 642,831
Current portion of long-term debt 742,292 717,481
Total current liabilities 2,958,900 2,619,035
Long-term debt, including capital leases 4,546,078 4,874,721
Noncurrent accrued expenses 8,064 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 September 30 and March 31, 2017 2,882 2,882
Additional paid in capital 8,409,517 8,258,820
Accumulated other comprehensive income 20,872 19,328
Retained earnings (accumulated deficit) 481,979 (310,709)
Total stockholders’ equity 8,915,250 7,970,321
Total liabilities and stockholders’ equity $ 16,428,292 $ 15,481,819