Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
 9 Months Ended
Sep. 30, 2021
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 9 – UNCOMPLETED CONTRACTS

 

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

 

    September 30,     December 31,  
    2021     2020  
    (Unaudited)        
Revenue recognized   $ 892,900     $ 102,700  
Less: billings to date     (769,200 )     (95,900 )
Costs and estimated earnings in excess of billings on uncompleted contracts     123,700     6,800
                 
Billings to date     806,000       1,716,800  
Revenue recognized     (578,900 )     (1,392,900 )
                 
Revenue contract liabilities   $ 227,100     $ 323,900