Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
 3 Months Ended
Mar. 31, 2024
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 8 – UNCOMPLETED CONTRACTS

 

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

 

    March 31,
2024		     December 31,
2023		  
    (unaudited)     *  
Revenue recognized   $ 800,300     $ 621,800  
Less: billings to date     (743,000 )     (604,800 )
Contract assets     57,300       17,000  
                 
Billings to date     2,388,300       2,262,000  
Revenue recognized     (1,821,000 )     (1,432,200 )
Contract liabilities   $ 567,300     $ 829,800