ACCRUED EXPENSES

3 Months Ended

Jun. 30, 2023

ACCRUED EXPENSES

ACCRUED EXPENSES

NOTE 10 - ACCRUED EXPENSES

Accrued expenses included the following as of:	June 30, 2023		March 31, 2023
Accrued compensation	$	1,182,453	$	1,257,245
Provision for claims		234,472		256,227
Provision for contract losses		119,124		102,954
Accrued professional fees		234,176		241,195
Accrued project costs		615,213		440,550
Other		167,011		235,014
Total	$	2,552,449	$	2,533,185

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.