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COSTS INCURRED ON UNCOMPLETED CONTRACTS (Details) (USD $) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Mar. 31, 2014
Cost incurred on uncompleted contracts |  |  |
Cost incurred on uncompleted contracts, beginning balance | $ 9,960,072 | $ 6,180,839 | $ 6,180,839
Total cost incurred on contracts during the period | 4,213,134 |  | 25,579,089
Less cost of sales, during the period | (6,012,101) | (6,676,449) | (21,799,856)
Cost incurred on uncompleted contracts, ending balance | 8,161,105 |  | 9,960,072
Billings on uncompleted contracts |  |  |
Billings on uncompleted contracts, beginning balance | 4,702,070 | 1,882,546 | 1,882,546
Plus: Total billings incurred on contracts, during the year | 4,993,338 |  | 23,887,587
Less: Contracts recognized as revenue, during the period | (6,230,341) | (7,096,692) | (21,068,063)
Billings on uncompleted contracts, ending balance | 3,465,067 |  | 4,702,070
Cost incurred on uncompleted contracts |  |  |
Cost incurred on uncompleted contracts, ending balance | 8,161,105 |  | 9,960,072
Billings on uncompleted contracts, ending balance | 3,465,067 |  | 4,702,070
Costs incurred on uncompleted contracts, in excess of progress billings | 4,696,038 |  | 5,258,002
Deferred revenues | $ 651,923 |  | $ 1,461,689

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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 2 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2(a),(d)) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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