|
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 |
|
|