Annual report pursuant to Section 13 and 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
12 Months Ended
Dec. 31, 2014
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

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

 

    December 31,  
    2014     2013  
             
Revenue Recognized   $ 168,700     $ 331,100  
Less: Billings to date     (107,600 )     (252,600 )

Costs and estimated earnings in excess of

    billings on uncompleted contracts

  $ 61,100     $ 78,500  
                 
Billings to date   $ 1,250,900     $ 606,700  
Revenue recognized     (942,400 )     (436,400 )

Billings in excess of costs and estimated earnings on uncompleted contracts

  $ 308,500     $ 170,300