|
Costs,
estimated earnings and billings on uncompleted contracts are as follows:
| |
|
June 30, |
|
December 31, |
| |
|
2015 |
|
2014 |
| |
|
|
|
|
| Revenue
Recognized |
|
$ |
384,500 |
|
|
$ |
168,700 |
|
| Less:
Billings to date |
|
|
(199,100 |
) |
|
|
(107,600 |
) |
| Costs
and estimated earnings in excess of billings on uncompleted contracts |
|
$ |
185,400 |
|
|
$ |
61,100 |
|
| |
|
|
|
|
|
|
|
|
| Billings
to date |
|
$ |
3,790,800 |
|
|
$ |
1,250,900 |
|
| Revenue
recognized |
|
|
(3,324,400 |
) |
|
|
(942,400 |
) |
| Billings
in excess of costs and estimated earnings on uncompleted contracts |
|
$ |
466,400 |
|
|
$ |
308,500 |
|
|