Quarterly report pursuant to Section 13 or 15(d)

Uncompleted Contracts (Tables)

v3.20.2
Uncompleted Contracts (Tables)
6 Months Ended
Jun. 30, 2020
Contractors [Abstract]  
Schedule of Uncompleted Contracts

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

 

    June 30,     December 31,  
    2020     2019  
             
Revenue recognized   $ 1,475,300     $ 1,074,800  
Less: billings to date     (1,088,300 )     (832,300 )
Costs and estimated earnings in excess of billings on uncompleted contracts     387,000       242,500  
                 
Billings to date     415,200       2,707,200  
Revenue recognized     (90,100 )     (2,380,100 )
                 
Revenue contract liabilities   $ 325,100     $ 327,100