COSTS INCURRED ON UNCOMPLETED CONTRACTS (Tables)

6 Months Ended

Sep. 30, 2017

COSTS INCURRED ON UNCOMPLETED CONTRACTS

Schedule of costs incurred on uncompleted contracts

The following table sets forth information as to costs incurred on uncompleted contracts as of:

	September 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		6,351,959		12,501,752
Less: cost of sales, during the year		(7,245,692)		(12,454,542)
Cost incurred on uncompleted contracts, ending balance	$	4,645,082	$	5,538,815
Billings on uncompleted contracts, beginning balance	$	3,441,594	$	3,095,963
Total billings incurred on contracts, during the year		8,409,439		18,896,305
Less: Contracts recognized as revenue, during the year		(10,419,280)		(18,550,674)
Billings on uncompleted contracts, ending balance	$	1,431,753	$	3,441,594
Cost incurred on uncompleted contracts, ending balance	$	4,645,082	$	5,538,815
Billings on uncompleted contracts, ending balance		1,431,753		3,441,594
Costs incurred on uncompleted contracts, in excess of progress billings	$	3,213,329	$	2,097,221