Quarterly report pursuant to Section 13 or 15(d)

Uncompleted Contracts (Tables)

v3.20.1
Uncompleted Contracts (Tables)
3 Months Ended
Mar. 31, 2020
Contractors [Abstract]  
Schedule of Uncompleted Contracts

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

 

    March 31,     December 31,  
    2020     2019  
Revenue recognized   $ 1,405,800     $ 1,074,800  
Less: billings to date     (920,200 )     (832,300 )
Costs and estimated earnings in excess of billings on uncompleted contracts     485,600       242,500  
                 
Billings to date     878,600       2,707,200  
Revenue recognized     (415,500 )     (2,380,100 )
Revenue contract liabilities   $ 463,100     $ 327,100