Quarterly report pursuant to Section 13 or 15(d)

Uncompleted Contracts

v3.21.1
Uncompleted Contracts
 3 Months Ended
Mar. 31, 2021
Contractors [Abstract]  
Uncompleted Contracts

NOTE 9 – UNCOMPLETED CONTRACTS

 

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

 

    March 31,     December 31,  
    2021     2020  
    (Unaudited)        
Revenue recognized   $ -     $ 102,700  
Less: billings to date     -       (95,900 )
Costs and estimated earnings in excess of billings on uncompleted contracts     -       6,800  
                 
Billings to date     2,169,900       1,716,800  
Revenue recognized     (1,761,400 )     (1,392,900 )
                 
Revenue contract liabilities   $ 408,500     $ 323,900