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ACCRUED EXPENSES | 3 Months Ended
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Jun. 30, 2014
ACCRUED EXPENSES |
ACCRUED EXPENSES | NOTE 8 — ACCRUED EXPENSES
|  | June 30, 2014 |  | March 31, 2014 |
Accrued compensation |  | $ | 401,953 |  | $ | 320,419 |
Interest rate swaps market value |  | 219,359 |  | 231,783 |
Provision for contract losses |  | 3,114,447 |  | 3,259,103 |
Other |  | 79,995 |  | 81,723 |
Total |  | $ | 3,815,754 |  | $ | 3,893,028 |
Our loss provision includes approximately $2.4 million for estimated contract losses in connection with a certain customer purchase agreement. We filed a demand for arbitration under the contract to recover damages, together with attorney’s fees, interest and costs subsequent to the customer’s request to reduce the number of units ordered under the purchase agreement. We continued to incur losses on customer projects at June 30, 2014. We have incurred approximately $0.3 million in new contract losses in our statement of operations for the three months ended June 30, 2014.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 + Details
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