Quarterly report [Sections 13 or 15(d)]

UNCOMPLETED CONTRACTS

v3.25.2
UNCOMPLETED CONTRACTS
 3 Months Ended
Mar. 31, 2025
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 8 – UNCOMPLETED CONTRACTS

 

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

 

    March 31,     December 31,  
    2025     2024  
    (unaudited)     *  
Revenue recognized   $ 601,200     $ -  
Less: billings to date     (579,700 )     -  
                 
Contract assets     21,500       -  
                 
Billings to date     3,763,400       3,481,700  
Revenue recognized     (2,614,000 )     (2,352,100 )
                 
Contract liabilities   $ 1,149,400     $ 1,129,600