Contracts in Process

3 Months Ended

Jun. 30, 2011

Contracts in Process

Contracts in Process

(5) At June 30, 2011 and March 31, 2011, the estimated period to complete contracts in process ranged from one to six months and one to three months, respectively.  We expect to collect all related accounts receivable arising therefrom within sixty days of billing. The following summarizes contracts in process:

			June 30, 2011	March 31, 2011
Costs incurred on uncompleted contracts			$   1,335,900	4,105,858
Estimated earnings			440,444	424,184
			1,776,344	4,530,042
Less billings to date			(1,610,866)	(4,418,993)
			$      165,478	111,049
Included in the accompanying balance sheets as follows:
	Costs and estimated earnings in excess of billings on
		uncompleted contracts	$      179,667	126,775
	Billings in excess of costs and estimated earnings on
		uncompleted contracts	(14,189)	(15,726)
			$      165,478	111,049