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ACCRUED EXPENSES | 12 Months Ended
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Mar. 31, 2023
ACCRUED EXPENSES |
ACCRUED EXPENSES | NOTE 11 - ACCRUED EXPENSES ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Accrued expenses included the following as of: |  | March 31, 2023 |  | March 31, 2022
Accrued compensation | ​ | $ | 1,257,245 | ​ | $ | 947,938
Provision for claims | ​ | ​ | 256,227 | ​ | ​ | 935,382
Provision for contract losses | ​ |  | 102,954 | ​ |  | 340,272
Accrued professional fees | ​ |  | 241,195 | ​ |  | 513,379
Accrued project costs | ​ |  | 440,550 | ​ |  | 487,869
Contingent consideration | ​ | ​ | — | ​ | ​ | 63,436
Other | ​ |  | 235,014 | ​ |  | 147,590
Total | ​ | $ | 2,533,185 | ​ | $ | 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. ​ A customer of our Stadco subsidiary provided notice for collection of additional costs incurred in connection with a certain product manufacturing project. In fiscal 2022, Stadco booked a contingent loss for approximately $0.8 million which is included on the provision for claims line in the above table. The claim was resolved to the satisfaction of both parties in fiscal 2023, and the accrual was reversed against related accounts receivable.

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