Annual report pursuant to Section 13 and 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
12 Months Ended
Dec. 31, 2018
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 7 – UNCOMPLETED CONTRACTS

 

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

 

    December 31,  
    2018     2017  
             
Revenue Recognized   $ 499,600     $  
Less: Billings to date     (185,300 )      
Costs and estimated earnings in excess of  billings on uncompleted contracts   $ 314,300     $  
                 
Billings to date   $ 1,642,600     $ 2,875,500  
Revenue recognized     (1,172,400 )     (2,648,200 )
Billings in excess of costs and estimated  earnings on uncompleted contracts   $ 470,200     $ 227,300