|
Costs,
estimated earnings and billings on uncompleted contracts are as follows:
| |
|
March
31, |
|
|
December
31, |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Revenue
Recognized |
|
$ |
179,300 |
|
|
$ |
499,600 |
|
| Less:
Billings to date |
|
|
(118,000 |
) |
|
|
(185,300 |
) |
Costs
and estimated earnings in excess of billings on uncompleted contracts
|
|
$ |
61,300 |
|
|
$ |
314,300 |
|
| |
|
|
|
|
|
|
|
|
| Billings
to date |
|
$ |
1,143,300 |
|
|
$ |
1,642,600 |
|
| Revenue
recognized |
|
|
(495,800 |
) |
|
|
(1,172,400 |
) |
| |
|
|
|
|
|
|
|
|
|
Revenue
contract liabilities
|
|
$ |
647,500 |
|
|
$ |
470,200 |
|
|