Annual report pursuant to Section 13 and 15(d)

UNCOMPLETED CONTRACTS

v2.4.0.8
UNCOMPLETED CONTRACTS
12 Months Ended
Dec. 31, 2013
Uncompleted Contracts  
UNCOMPLETED CONTRACTS

NOTE 6 - UNCOMPLETED CONTRACTS

 

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

 

    December 31,  
    2013     2012  
             
Revenue Recognized   $ 331,100     $ 63,800  
Less: Billings to date     (252,600 )     (28,300 )
Costs and estimated earnings in excess of billings on uncompleted contracts   $ 78,500     $ 35,500  
                 
Billings to date   $ 606,700     $ 775,800  
Revenue recognized     (436,400 )     (448,400 )
Billings in excess of costs and estimated earnings on uncompleted contracts   $ 170,300     $ 327,400