Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
 6 Months Ended
Jun. 30, 2021
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 9 – UNCOMPLETED CONTRACTS

 

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

 

    June 30, 2021     December 31, 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     2,895,000       1,716,800  
Revenue recognized     (2,278,700 )     (1,392,900 )
                 
Revenue contract liabilities   $ 616,300     $ 323,900