The following table sets forth information as to costs incurred on uncompleted contracts as of:

 

		September 30, 2017			March 31, 2017
Cost incurred on uncompleted contracts, beginning balance		$	5,538,815		$	5,491,605
Total cost incurred on contracts during the year			6,351,959			12,501,752
Less: cost of sales, during the year			(7,245,692)			(12,454,542)
Cost incurred on uncompleted contracts, ending balance		$	4,645,082		$	5,538,815
Billings on uncompleted contracts, beginning balance		$	3,441,594		$	3,095,963
Total billings incurred on contracts, during the year			8,409,439			18,896,305
Less: Contracts recognized as revenue, during the year			(10,419,280)			(18,550,674)
Billings on uncompleted contracts, ending balance		$	1,431,753		$	3,441,594
Cost incurred on uncompleted contracts, ending balance		$	4,645,082		$	5,538,815
Billings on uncompleted contracts, ending balance			1,431,753			3,441,594
Costs incurred on uncompleted contracts, in excess of progress billings		$	3,213,329		$	2,097,221