Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

v2.4.0.8
UNCOMPLETED CONTRACTS
9 Months Ended
Sep. 30, 2013
Uncompleted Contracts  
UNCOMPLETED CONTRACTS
NOTE 6 - UNCOMPLETED CONTRACTS
 
Costs, estimated earnings and billings on uncompleted contracts are as follows:
 
   
September 30,
   
December 31,
 
   
2013
   
2012
 
             
Revenue Recognized
  $ 373,800     $ 63,800  
Less: Billings to date
    (300,200 )     (28,300 )
Costs and estimated earnings in excess of billings on uncompleted contracts
  $ 73,600     $ 35,500  
                 
Billings to date
  $ 709,200     $ 775,800  
Revenue recognized
    (511,900 )     (448,400 )
Billings in excess of costs and estimated earnings on uncompleted contracts
  $ 197,300     $ 327,400