Quarterly report pursuant to Section 13 or 15(d)

UNCOMPLETED CONTRACTS

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UNCOMPLETED CONTRACTS
6 Months Ended
Jun. 30, 2016
Contractors [Abstract]  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

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

  

    June 30,
2016
  December 31, 2015
         
Revenue Recognized   $ 888,800     $ 1,814,300  
Less: Billings to date     (799,500 )     (1,610,300 )
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 89,300     $ 204,000  
                 
Billings to date   $ 1,566,200     $ 2,273,400  
Revenue recognized     (615,400 )     (1,685,500 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 950,800     $ 587,900