|
Costs,
estimated earnings and billings on uncompleted contracts are as follows:
| |
|
September
30, |
|
|
December
31, |
|
| |
|
2016 |
|
|
2015 |
|
| |
|
|
|
|
|
|
|
|
| Revenue
Recognized |
|
|
— |
|
|
$ |
1,814,300 |
|
| Less:
Billings to date |
|
|
— |
|
|
|
(1,610,300 |
) |
Costs and estimated earnings in excess of billings
on
uncompleted contracts
|
|
|
— |
|
|
$ |
204,000 |
|
| |
|
|
|
|
|
|
|
|
| Billings to date |
|
$ |
2,430,100 |
|
|
$ |
2,273,400 |
|
| Revenue
recognized |
|
|
(1,729,700 |
) |
|
|
(1,685,500 |
) |
Billings
in excess of costs and estimated earnings on
uncompleted contracts
|
|
$ |
700,400 |
|
|
$ |
587,900 |
|
|