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ACCRUED EXPENSES
6 Months Ended
Sep. 30, 2022
ACCRUED EXPENSES  
ACCRUED EXPENSES

NOTE 11 - ACCRUED EXPENSES

Accrued expenses included the following as of:

    

September 30, 2022

    

March 31, 2022

Accrued compensation

$

1,040,331

$

947,938

Provision for claims

60,355

935,382

Provision for contract losses

 

313,644

 

340,272

Accrued professional fees

 

332,831

 

513,379

Accrued project costs

 

484,353

 

487,869

Contingent consideration

63,436

Other

 

245,141

 

147,590

Total

$

2,476,655

$

3,435,866

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. Accrued project costs are estimates for certain project expenses during the reporting period.