Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
3 Months Ended
Mar. 31, 2017
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

Costs, estimated earnings and billings on uncompleted contracts are as follows:

 

    March 31,       December 31,
    2017   2016
Revenue Recognized   $ 1,184,968     $ 324,500  
Less: Billings to date     (1,184,968 )     (310,900 )
Costs and estimated earnings in excess of
billings on uncompleted contracts
  $ —       $ 13,600  
                 
Billings to date   $ 2,141,468     $ 3,063,500  
Revenue recognized     (1,184,968 )     (1,972,700 )
Billings in excess of costs and estimated
earnings on uncompleted contracts
  $ 956,500     $ 1,090,800